Cable / Telecom News

Profits soften as Netflix tops 75M customers

LOS GATOS, CA - Netflix added 5.59 million new streaming members in the fourth quarter of 2015, part of more than 17 million in 2015, which it says proves “how much the world is embracing Internet TV”.The online streaming giant said late Tuesday that it now has 44.7 million U.S. streaming customers and 30 million internationally, after adding 4 million net additions outside of its home country in the quarter ended December 31.  The company generated $1.67 billion in total streaming revenue for Q4, up from $1.31 billion year-over-year, and recorded 74.76 million total streaming subscribers at quarter end, which inched past...