Netflix puts its name in lights with a bankable performance

City A.M. Reporter
NETFLIX’S profit rose in the first quarter as the dominant video rental service added more than 2m streaming subscribers in the United States, the company reported yesterday.

For January through March, Netflix recorded $3m (£2m) in net income and earnings per share of five cents. A year earlier, the company reported a $5m loss as it increased spending to launch its service in international markets.

The quarter included the launch of House of Cards, the company’s biggest original series.