As suspected, Netflix has blown earnings and subscription forecasts out of the water. Fueled by a strong slate of original programming, expansion into 130 countries and over 7 million new subscribers in just the last 3 months, it’s safe to say CEO Reed Hastings and company are on a roll. Over half of Netflix subscribers now live outside of the U.S., and Hastings has set a goal of operating in 200 countries by the end of this year.
Strong interest in Netflix’s original programming, especially shows like The Crown, Luke Cage, House of Cards, Stranger Things, Black Mirror and The OA, has brought in millions of new customers. Adding 4K streaming hasn’t hurt either. What’s next for Netflix? Count on more new shows, and maybe some business moves to ensure reliable content delivery into the future. Remember when they just mailed out DVD’s? Seems like a long, long time ago.
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