'Arrested Development' Boosts Netflix Earnings

  • Playlist
  • Download
  • Embed
    Embed <iframe src="http://www.npr.org/player/embed/204745380/204691348" width="100%" height="290" frameborder="0" scrolling="no">
  • Transcript

Second-quarter earnings for Netflix more than quadrupled. The company reported its results Monday night after the markets closed. Netflix gave credit to its revival of Arrested Development, which was released Memorial Day weekend. For the three months ending in June, the streaming service added 630,000 subscribers in the United States. But investors were expecting an even bigger number.

DAVID GREENE, HOST:

NPR's business news starts with a streaming success.

(SOUNDBITE OF MUSIC)

GREENE: Second-quarter earnings for Netflix more than quadrupled. The company reported its results last night after the markets closed. Netflix gave credit to its revival of "Arrested Development," which was released Memorial Day weekend. For the three months ending in June, the streaming service added 630,000 subscribers in the United States. Sounds impressive, but it wasn't quite enough for investors, who were expecting a bigger number of subscribers.

Copyright © 2013 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR’s programming is the audio.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.