Netflix Subscriber Growth Beats, Ramps Europe Launch

By | July 21, 2014

Scalper1 News

Netflix earnings more than doubled in Q2, though that missed estimates by a penny. But subscriber growth beat, as the online video streaming giant set a September launch for six new European markets. The Los Gatos, Calif.-based company expects Q3 profit of 89 cents, below consensus estimates of $1.06, mainly on costs for expanding into Germany, France, Austria, Switzerland, Belgium and Luxembourg. Wall Street had expected a Q4 Scalper1 News

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