They’re the talk of Wall Street and the blogging world alike. Now, Netflix will be capitalizing on their success by hitting more remote areas of the world.
Netflix announced Monday that it now has more than 40 million subscribers worldwide, compared to less than 30 million just a year ago. A significant part of that growth has been its international presence, which grew to a total of 9.2 million subscribers in the company’s Q3 2013, from just 4.3 million a year ago.
At the same time, Netflix managed to remain profitable, with a net income of $32 million and revenue of $1.1 billion, despite still investing heavily into its international markets. For the company, this means that it will now pursue additional markets in 2014.