Netflix, Inc. (NASDAQ:NFLX), the world’s largest online video streaming company, said that the speed of internet service providers (ISPs) improved in different countries worldwide excluding the United States and Mexico based on its ISP Speed Index in December.
The online video streaming company used data related with the streaming experience of its 40 million subscribers in comparing the internet speed of ISPs around the world. The subscribers of Netflix, Inc. (NASDAQ:NFLX) stream more than 1 billion hours of movies and TV shows every month.
Seth Klarman: Investors Can No Longer Rely On Mean Reversion
"For most of the last century," Seth Klarman noted in his second-quarter letter to Baupost's investors, "a reasonable approach to assessing a company's future prospects was to expect mean reversion." He went on to explain that fluctuations in business performance were largely cyclical, and investors could profit from this buying low and selling high. Also Read More
Top ten ISPs in the U.S.
Netflix, Inc. (NASDAQ:NFLX) found that Google Fiber of search engine giant, Google Inc (NASDAQ:GOOG) remained the fastest internet service provider (ISPs) in the United States with an average speed of 3.69 Mbps based on its ISP Speed Index in December.
Cablevision Systems Corporation (NYSE:CVC)’s Optimum ranked second with an average speed of 2.85 Mbps followed by Cox Communications with 2.62 average Mbps. Suddenlink ranked fourth with 2.54 average Mbps, then Charter Communications Inc (NASDAQ:CHTR) with 2.30 average Mbps.The ISP Speed Index of Netflix, Inc. (NASDAQ:NFLX) also showed that the average speed of Fios, the internet service of Verizon Communications Inc. (NYSE:VZ) was 2.11 Mbps followed by Time Warner Cable (NYSE:TWC) with 2.02 Mbps.
Mediacom and the U-verse internet service of AT&T Inc. (NYSE:T) ranked 8th and 9th with an average speed of 1.79 Mbps and 1.75 Mbps, respectively.The internet service of Frontier Communications Corp (NASDAQ:FTR) has an average speed of 1.72 Mbps.
World’s fastest/slowest ISP
The ISP Speed Index of the online video streaming company showed that among the ISPs worldwide, Caiway of Netherlands had the fastest speed with 3.70 Mbps.
On the other hand, Netflix, Inc. (NASDAQ:NFLX) said the slowest ISP was Clearwire with 0.96 Mbps in December.
Lilyhammer comedy-drama returns on Netflix
Separately, Netflix, Inc. (NASDAQ:NFLX) announced the return of its original comedy-drama series, Lilyhammer, starring Steven Van Zandt for the third season this year.
Ted Sarandos, chief content officer of the online video streaming company said, “Lilyhammer is the type of global show that Netflix members around the world have discovered and love and season three will see that world expand even more.”