Netflix Plans ‘Substantial’ European Expansion in 2014

Netflix may be ready to take Europe by storm, with possible launches in France and Germany this year, as the Internet streaming leader announced plans to greatly boost its presence on the continent.

“We plan later this year to embark on a substantial European expansion. Our success this year in international net additions and shrinking contribution losses confirms our belief that there is a big international opportunity for Netflix.”

Netflix added 2.3 million streaming subscribers in the U.S. during the fourth quarter of 2013 — slightly higher than analyst expectations.

At the end of 2013, Netflix had 33.4 million streaming-video subscribers in the U.S. Overseas, the company added 1.7 million to stand at 10.9 million internationally.

Analysts expected Netflix to add 2.05 million streaming subscribers in the U.S. during the period, according to a Bloomberg average of 10 estimates. According to Netflix’s Q4 guidance, issued last October, the company anticipated adding between 1.6 million and 2.4 million U.S. streaming subscribers.

At the end of Q3, the company had 31.09 million U.S. streaming subscribers, 9.19 million international subs and 7.15 million DVD-by-mail customers.