On demand video platform Netflix added 7.05 million subscribers in Q4 2016 taking the total count to 93.8 million subscribers worldwide, with 47% of the subscribers coming from outside the US. The company reported a net income of $67 million for the quarter ended December 31, 2016, up 55.8% from $43 million in the same quarter last year. In the preceding quarter, the company had a net income of $52 million. The higher profit this quarter is attributed to subscriber increase from the 130 country launch last quarter. Reed Hastings (CEO of Netflix), David Wells (CFO) and Ted Sarandos (head of content acquisition) in a post-results interview spoke in some length about the company’s strategies. Here are some of the takeaways. International operations taking off: Hastings said that the company has grown steadily over the last few years, with additional subscribers coming from the international expansion. “If you do not look at it by the quarter, but you look at it by the year, what we have seen in Latin America, steady growth; Europe as a whole, has been really picking up momentum for us; and Asia, we are just getting started.” He mentions that “we actually broke through into profitability for our consolidated international segment, and we will continue to invest and take that back down through the year.” Further international expansion: The company continued to further expand globally, bringing smaller markets like Poland and Turkey under its fold. According to Hastings, “From a near-term subscriber standpoint, it is…
