With Overseas Subscribers Topping 6M, Netflix Puts A Hold On Expanding Into International Markets

Streaming media giant, Netflix, released its fourth quarter earnings report today, and it was an auspicious one. The company's revenue and subscriber numbers well exceeded expectations, with $945 million in revenue for the quarter, up from $876 million last year. These developments have gotten investors excited and Netflix is one the rise after-hours. Part of the reason for this is that Netflix has been aggressively expanding in international markets, with new appendages sprouting up in Nordic countries, Europe and South America, but now it's beginning to tap the breaks.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/P0eiKUpEVzE/

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