Netflix Closes FY2014 with 4.33 Million New Customers
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Netflix(NEW YORK) — The picture looks bright for Netflix.
The video streaming and production company announced on Tuesday it added 4.33 million customers during the fourth quarter of fiscal year 2014.
After the quarterly report was released, shares of the company jumped 16 percent.
Netflix also announced plans to continue its international expansion.
“Our international segment is growing very nicely with net adds of 2.43 million members in Q4, compared to 1.74 million a year ago,” the company said in a letter to shareholders Tuesday.
Netflix said it next plans to launch its services in Australia and New Zealand. Those launches are projected to take place towards the end of the first quarter of 2015.
“Our international expansion strategy over the last few years has been to expand as fast as we can while staying profitable on a global basis. Progress has been so strong that we now believe we can complete our global expansion over the next two years, while staying profitable, which is earlier than we expected,” Netflix told shareholders in its letter.
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