Netflix’s earnings quadrupled as its lineup of original programming helped the Internet video subscription service attract 1.3 million more U.S. subscribers during its latest quarter.
The third-quarter results announced Monday are the latest evidence of Netflix’s increasing popularity. The Los Gatos, Calif., company ended September with 31.1 million U.S. subscribers, eclipsing the estimated 29 million subscribers that HBO’s 41-year-old pay-TV channel is believed to have in the country.
HBO, which is owned by Time Warner Inc., still has a commanding lead globally with 114 million subscribers. Netflix Inc., in contrast, has
40.3 million subscribers worldwide.