Netflix, Inc.’s NFLXhefty outlay on content and overseas expansion has paid off in a big way. The Los Gatos, CA-based streaming service added 7.4 million customers in the first quarter, squashing analysts’ estimates by around 1.7 million. International streaming has contributed the most, with net gains of 5.
46 million users. In fact, its international segment accounted for 55% of total memberships. Europe and Latin America streaming also contributed significantly, while U.S. additions totaled 1.96 million (read more: Netflix Crushes Subscriber Growth Estimates, Adds 7.4 Million Streaming Users).Netflix Subscriber Growth Breezes Past Estimates! Snap It Up
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