Friday, March 10, 2017

Netflix Reports Strong Q4 Sub Growth

Netflix, which celebrated the ten-year anniversary of the launch of its streaming services, added 1.93 million U.S. streaming subs in the quarter, for a total of 49.43 million, while internationally, the company added 5.12 million streaming subs, expanding that total to 44.37 million. The company generated $8.3 billion in global streaming revenue in 2016, up 35% year-over year. The company said that it expects to add 1.5 million domestic members in Q1, and 3.7 million overseas.

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