Wednesday, January 20, 2016
Netflix Sees Slight Acceleration Ahead
Netflix forecast that it will generate revenue of 1.81 billion US dollars in the first quarter of 2016, a year-on-year increase of almost 30%. That compares with a year-on-year increase of 28% in the fourth quarter to 1.67 billion dollars.
Netflix also predicted that it will add a further 6 million "members" in the first quarter, following an increase of 17 million across the whole of 2015. Netflix said its members streamed 42.5 billion hours of video in 2015, up from 29 billion hours in 2014. source: Netflix statement
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