Netflix surprises with profit on subscriber growth
Jan 23 (Reuters) - Video subscription service Netflix Inc reported a quarterly profit as the company added subscribers in the United States and abroad.
The company reported on Wednesday $8 million in net income from October through December, or 13 cents per share. Revenue rose to $945 million. Netflix had earlier warned Wall Street that it expected a loss for the fourth quarter.
Jan 23- Video subscription service Netflix Inc reported a quarterly profit as the company added subscribers in the United States and abroad. The company reported on Wednesday $8 million in net income from October through December, or 13 cents per share. Netflix had earlier warned Wall Street that it expected a loss for the fourth quarter.