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Netflix now valued at over $100 billion

Netflix value now above the US$100 billion mark
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new Netflix article abstract | According to the fresh report for Q4 2017, Netflix added almost 2 million subscribers in the US and over 8 million globally (US included) during this period. The company also crossed the US$100 billion mark for its market cap earlier today.

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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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2018 01 > Netflix now valued at over $100 billion
Codrut Nistor, 2018-01-23 (Update: 2018-01-24)
Codrut Nistor
Codrut Nistor - News Editor
Although I have been writing about new software and hardware for almost a decade, I consider myself to be old school. I always enjoy listening to music on CD or tape instead of digital files and I will not even get into the touchscreen vs physical keys debate. However, I also enjoy new technology, as I now have the chance to take a look at the future every day. I joined the Notebookcheck crew back in 2013 and I have no plans to leave the ship anytime soon.