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"What we said a quarter ago was that it was going to turn up in the back half of Q4 and everything's been consistent with that," Hastings told Reuters in an interview in London as Netflix launched its service in the UK and Ireland. Hastings reiterated that the cost of international expansion would contribute to an overall loss at Netflix this year and declined to say whether the once high-flying company could turn profitable during the course of the year. "I can't comment," he said. "We're really focused on this global expansion and it is expensive." Despite the increasing cost of acquiring content for the United States and new international markets, Hastings said he did not expect to raise fresh capital this year. "No. We're doing great," he said. Netflix raised $400 million in fresh capital in November after its share price tumbled during a buyback program. (Reporting by Georgina Prodhan; Editing by Jon Loades-Carter) Entertainment Fashion Ireland Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints Entertainment News From the Wrap Netflix Launches Streaming Service in U.K., Ireland 10:54am EST "Breaking Bad," "24" and "Paul Blart: Mall Cop" are among the offerings available to subscribers at launch Sean Penn To Be Honored for Haiti Relief by Critics Choice Movie Awards 10:52am EST Actor will receive Joel Siegel Award from Broadcast Film Critics Association; sound editors to honor George Watters II Tom Hanks Toon Set as Yahoo's First Original Scripted Series 10:26am EST The animated sci-fi series will debut in the spring, and Hanks will voice a character 'Tintin,' 'Boardwalk Empire' Wow the Visual Effects Society 3:16am EST Animated Steven Spielberg movie and HBO series come out on top in VES nominations We welcome comments that advance the story through relevant opinion, anecdotes, links and data. 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