'Arrested Development' Boosts Netflix Earnings
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.
NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.