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Business

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Netflix’s quarterly earnings quadruple

Netflix’s earnings quadrupled as its line-up 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 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 still has a commanding lead globally with 114 million subscribers around the world.

Netflix earned $32 million, or 52 cents a share, in the quarter. That compared with income of $7.7 million, or 13 cents a share, at the same time last year.

Revenue rose 22 percent from last year to $1.1 billion to match analyst projections.

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