Netflix recently reported its numbers for the first quarter of 2017, and the biggest news was a whiff on U.S. subscriber growth, with just 1.42 million added. Wall Street had expected Netflix to add 1.59 million subscribers in the first quarter, and Netflix anticipated 1.5 million.
Netflix was quick to downplay the slight miss on subscriber numbers:
“There were no substantial variations from our January guidance forecast . . . We have come to see these quarterly variances as mostly noise in the long-term growth trend and adoption of internet TV,”
Netflix is very close to hitting 100 million global subscribers. The company also dismissed concerns about the increasing number of streaming TV packages entering the marketplace:
“We don’t think it will have much of an impact on us as Netflix is largely complementary to pay TV packages . . . Our focus also is on on-demand, commercial free viewing rather than live, ad-supported programming.”
[via Business Insider]