About this weblog

What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Tuesday, January 23, 2018

Netflix Forecasts Even Faster Growth

Netflix reported a 33% year-on-year increase in revenue for the fourth quarter to 3.29 billion US dollars, as the number of paid streaming memberships rose 25% and its average selling price rose 9% from the same period in 2016. Netflix said: "Q4 capped an amazing year for Netflix original content with returning seasons of The Crown and Black Mirror as well as Stranger Things, which cemented its place as a global phenomenon."

The Los Gatos, California company forecast a 40% leap in revenues for the first quarter of 2018 to 3.7 billion dollars.  In 2017, Netflix added 24 million new memberships compared with 19 million in 2016. source: Netflix statement


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