Netflix has revealed its most recent quarterly results, and the report came with a few very big updates. Among them, Netflix announced that it has surpassed 100 million global subscribers for the first time. The company’s revenue was also up more than 32 percent year-over-year, which beat Wall Street forecasts.
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In a huge step for its global growth, Netflix has also reached the point where it has more subscribers internationally than it does in its home country of the U.S. The company now has about 52 million international subscribers and 51.
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9 million domestic ones.
Netflix continues to forecast strong growth in the next quarter, and shareholders have responded by sending the stock soaring. What barriers do you think this streaming giant will break next, Insiders?
[via Business Insider]
This is very good news. But one must wonder how far they can go.
And if they can keep this going? This is not a simple thing to do.
They will need to come up with something new soon. Time to see what they do.