Netflix now valued at over $100 billion
With a two-decade long history behind, Netflix has grown into a behemoth that provides more original series and films than any other network or cable channel. In October 2017, Netflix had over 109 million subscribers worldwide, including almost 53 million in the US. In the meantime, the company reached the US$100 billion market cap barrier and also added an impressive number of new subscribers.
According to the official numbers, Netflix had a very strong quarter at the end of 2017, but they expect a slower start for this year. At US$3.29 billion, the quarterly revenue was slightly higher than the Wall Street forecast of US$3.28 billion. The 41 cents per share earnings, however, were in line with the estimates from Wall Street. The subscriber-related numbers are these, including the forecasts for the first part of this year:
- Q4 2017, new US subscribers: 1.98 million
- Q4 2017, new international subscribers: 6.36 million
- Q1 2018, new US subscribers: 1.45 million
- Q1 2018, new international subscribers: 4.90 million
Back in 2017, no less than 20 Emmy awards were grabbed by Netflix shows. By the end of 2018, the plan is to spend between US$7.5 billion and US$8 billion on content. All in all, this year promises to be a very interesting one for Netflix subscribers, even with the popular House of Cards series coming to an end.
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