Huge 1st Quarter Growth for Netflix

Netflix is still killing it. The streaming giant is on track to add 6.45 million new subscribers to their service base. The numbers break down to 1.45 million more in the United States in 5 million internationally.

This is great news for the streaming service who was expecting some major payoffs for its investment in content this past year. After spending $8 billion in licensing and originals, Netflix is looking to release content at an astonishing pace to keep its customer base happy. This comes off the news that while Netflix makes a lot of originals, most of their subscribers care about licensed content.

Either way, these investments are paying off.

Wall Street predicts that first quarter revenue reaching $3.69 billion on earnings per share that hits $0.64. This will translate to a 40% increase.

 

 Stock analyst, Rich Greenfield questioned the increase stating,

“We presume this was said in the context of how wide Netflix’s subscriber footprint now is and the global TAM. That being said, is there a level where you hit a proverbial content ceiling?”

The future may be in question, but presently, Netflix has been and still will be king.

Leave a Reply

Your email address will not be published.