Feeds

Netflix original TV shows gamble pays off... to the tune of 10m new viewers

Quadruples profits too

Top three mobile application threats

Netflix's foray into original programming has paid off, with global subscriber numbers jumping past 40 million and profits quadrupling from the same period last year.

Kate Mulgrew in Orange is the New Black

Kate Mulgrew in Orange is the New Black. Credit: Netflix

The online video streaming firm said its net profit was $32m in the three months to the end of September, compared to an $8m income in the same quarter of 2012.

"We are very pleased to have over 40 million members, up from less than 30 million just one year ago," Netflix wrote in a letter to shareholders. "The Netflix original series Orange is the New Black is a critical and popular success, and our earlier series House of Cards is the first internet TV series to win a Primetime Emmy Award. We launched our 41st country and the Dutch seem to like Netflix."

The company said it was hoping to hit a net income of around $37m in the fourth quarter with an extra 3.3 million users.

Since original programming has done so much for the firm's fortunes, Netflix is now planning to double its investment in making new shows, although that will still be less than ten per cent of its overall content expenses. ®

Top three mobile application threats

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.