Netflix, Inc. (NASDAQ:NFLX) announced that the number of subscribers for its TV and movie streaming service reached 30 million worldwide. Netflix has more than 25 million customers in the United States, which means the company added nearly 5 million members outside the country.
The company’s TV and movie streaming service are available in 51 countries globally. The Netflix, Inc. (NASDAQ:NFLX) watch instantly service is now available in Latin America and European countries. The company’s most recent expansions were in Sweden, Norway, Denmark, and Finland.
A decade ago, no one talked about tail risk hedge funds, which were a minuscule niche of the market. However, today many large investors, including pension funds and other institutions, have mandates that require the inclusion of tail risk protection. In a recent interview with ValueWalk, Kris Sidial of tail risk fund Ambrus Group, a Read More
Reed Hastings and Marc Randolph co-founded Netflix, Inc. (NASDAQ:NFLX) in 1997. Their objective is to offer online movie rentals. They started offering the DVD by mail service in the United States. By 2009, the company reached its 10 million members goal. The number of subscribers increased rapidly, as the company introduced its streaming video service. In 2010, the company reached 20 million members in the United States and Canada.
During its earnings conference call, earlier this week, Netflix, Inc. (NASDAQ:NFLX) said it had approximately 29 million members. The company added 5 million members in the United States in 2012. Netflix reported to investors that its business is gaining momentum overseas.
Netflix, Inc. (NASDAQ:NFLX) posted $905 million revenue and 13 cents earnings per share in the third quarter this year.
In his Facebook Inc (NASDAQ:FB) account, Reed Hastings, co-founder and chief executive officer of Netflix wrote:
Thank you, thank you, thank you.
Thirty million of you are now Netflix, Inc. (NASDAQ:NFLX) streaming members.
I’d like to express my gratitude to each of you. Your choice to be a Netflix, Inc. (NASDAQ:NFLX) member helps us get more content every year, and helps us further improve our member experience. You make it possible for us to offer the most amazing Internet television experience ever. Thank you, again.
Earlier this month, Reed Hastings decided to give up his seat on the board of directors of Microsoft (NASDAQ:MSFT) to concentrate on Netflix and work on education. Hastings served as a lead independent director for Microsoft for 5 years.
Hastings continues to serve as a member of the board of directors for several organizations, including the California Charter Schools Association, Dreambox Learning, the Knowledge Is Power Program, Facebook Inc (NASDAQ:FB), and Netflix.
Meanwhile, during the value investing congress, prominent hedge fund manager Whitney Tilson said that Netflix, Inc. (NASDAQ:NFLX)’s global prospects were encouraging. According to him, the company has potential for strong global growth. He said, “It has a light business model and can tap the large international markets.”