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Technology Stocks : Netflix (NFLX) and the Streaming Wars
NFLX 111.02-2.7%10:01 AM EST

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From: Sr K9/16/2014 11:29:27 AM
   of 2280
 
NFLX is still reacting to Hastings' comments on Bloomberg Television about 5 to 10 years:

bloomberg.com

Netflix’s CEO Sees Profit in Europe in 5 to 10 Years

By Marie Mawad and Caroline Connan Sep 15, 2014 6:03 PM ET

Netflix Inc. (NFLX) expects to become profitable in Europe in five to 10 years, founder and Chief Executive Officer Reed Hastings said on Bloomberg Television.

“It will be challenging to be profitable,” Hastings said in an interview yesterday as the company began service in six European countries. “But we keep getting content and in the long term, in five or 10 years, we should be profitable.”
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