Netflix reported quarterly earnings today. Net income rose to $344.1 million, or 76 cents per share, in the first quarter, from $290.1 million, or 64 cents per share, a year earlier. Total revenue rose to $4.52 billion from $3.70 billion. Analysts on average had expected revenue of $4.50 billion.
But those aren’t the important numbers because Wall Street views Netflix as a growth story, so it’s all about the subscriptions. In the reported quarter, Netflix added 7.86 million paid subscribers internationally vs. analyst estimate of 7.14 million, according to IBES data from Definitive and 1.74 million paid subscribers in the
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