Original content powers earnings, subscriptions at Netflix

LOS GATOS, CA – Netflix credited the success of its original series behind third quarter increases in its subscriber numbers and revenue for the period ended September 30, 2013. Revenues were $1.1 billion, up from $905 million during the same quarter in 2012. Netflix also recorded net profits of $32 million, a marked increase over the $8 million reported for the same period a year earlier. In its letter to shareholders Monday, the company reported that subscribers in the U.S. increased by 1.3 million this quarter to 31 million, an 11% increase over the same time last year. After launches...