Netflix yesterday released its earnings report for the quarter gone by and revealed absolutely jaw-dropping growth. Over the last three months, the streaming giant managed to add 8.33 million new subscribers, easily besting Wall St. estimates which fell in and around the 6.3 million range.
Revenue for the quarter checked in at $3.29 billion, a figure which also bested analyst estimates by a wide margin. Also interesting, though, is the revelation that the sexual assault scandal involving House of Cards star Kevin Spacey cost the company $39 million. Though Netflix didn't reference the scandal outright, its earnings report included a charge of $39 million due to "unreleased content we've decided not to move forward with."
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Netflix lost $39 million after firing Kevin Spacey from ‘House of Cards and ‘Gore’ originally appeared on BGR.com on Tue, 23 Jan 2018 at 23:31:54 EDT. Please see our terms for use of feeds.