Netflix Is Still Killing It in the Streaming Game
Despite the rise of Amazon and Hulu, Netflix is still killing it in the streaming game. The company recently revealed that it had surpassed its own estimates in the last quarter.
Netflix gained 5.3 million new total subscribers, compared to the anticipated 4.5 million. 850,000 of those came from the U.S., with the other 4.45 million coming from international markets.
The company also exceeded its expected revenue, bringing in $2.98 billion compared to the estimated $2.97 billion.
One of the reasons for the continued success is Netflix’s recent investment in original content.
At the end of last year, we reported that the streaming service was planning to spend an incredible six billion on twenty original shows, and that’s not to mention original movies like Burning Sands, Okja and most recently, Noah Baumbach’s The Meyerowitz Stories.