Radio / Television News

Netflix hits 800,000 Canadian customers, keeps hammering away at bit caps

LOS GATOS, Calif. – Video streamer (and in the States, DVD-mailer, too) Netflix continues to add hundreds of thousands of customers and tens of millions in revenue and profits, the company announced Monday.It also continues to rail against the business practices of Canadian Internet service providers.The company added 3.6 million subscribers in the quarter ended March 31, 2011 for a total of 23.6 million (800,000 of which are in Canada). Quarterly revenue grew to $706 million, up 43% over Q1 2010 while operating income grew 94% to $113 million.The company noted several wins on the content side (at least in...