Movie and TV streaming service Netflix has announced its latest financial results for quarter four of 2015, the company also revealed that they now have more than 75 million subscribers.
Netflix has been expanding to more countries, it is now available in 190 countries around the world and it has also managed to increase its revenue in its latest financial results.
In quarter four of 2015 total revenues were $1.82 billion with a profit on that of $43.82, this is up from $1.48 billion revenue in the same quarter in 201, although their profit is down from $83.4 million in Q4 2015.
The company has said that the reason its profits are down for the quarter on the previous year is due to the costs involved with their own original shows which they have been producing.
Netflix has big plans for 2016, the company will spend a massive $6 billion on content this year, which should help them increase their user base significantly in 2016.
Source BGRFiled Under: Entertainment News, Technology News, Top News