Netflix adds more subscribers than thought

Netflix adds more subscribers than thought

Netflix adds more subscribers than thought

The Faangs have driven stock markets to record highs and Netflix's shares leaped 15% in after hours trading.

Netflix had told investors it expected to add about five million members in the quarter.

The company has been one of the world's best-performing stocks because investors believe it has years of growth ahead. The company's overall paid userbase stands at 130.4 million subscribers at present.

"Rising interest rates could make Netflix increasingly vulnerable to higher cost of capital", CFRA research analyst Tuna Amobi said.

Has Netflix's studio lost its touch?

For instance in the US Comcast now allows customers to add Netflix directly to their bill, and provide a "channel" for Netflix on some of their boxes. That's why the Los Gatos, California-based company releases multiple new programs every week.

Analysts keep setting the ceiling and Netflix keeps crashing through it.

The analyst doesn't have an official price target for Netflix, but pegs the company's fair value at $377 a share.

Netflix is planning a new film and television production hub in New Mexico; new research finds that one-third of "gluten-free" foods sold in US restaurants actually contains trace levels of the substance. The slate included new seasons of "Ozark" and "Bojack Horseman, " the new series "Insatiable" and "Maniac, " as well as standup specials from Jim Jefferies and Iliza Shlesinger.

Netflix is now the most expensive video streaming service in India, with monthly subscription plans starting at Rs 500, more than double of its rivals in India.

Netflix said it expects operating margins at the lower end of the 10 percent to 11 percent range for the full year 2018.

Why it matters: It's impressive to see Netflix's growth from a DVD-by-mail outlet to the industry's leading video streaming outfit, complete with compelling original content production. While the streaming service doesn't say how many customers it has in any market besides the USA, it does offer a glimpse of its progress with quarterly commentary.

Netflix never identifies which shows are most successful. The streaming service will also expand beyond English into Hindi and other Indic and Dravidian languages, CEO Reed Hastings added, in order to meet its long-term goal of 100 million subscribers in India. "The variance relative to forecast was due to greater-than-expected acquisition globally, with strong growth broadly across all our markets including Asia". Sales growth has accelerated in recent years, jumping to 32 percent growth last year from 23 percent in 2015.

The company reported third-quarter profits of $403m, compared with $129.6m a year earlier.

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