Here's how huge Netflix has gotten in the past decade
It was a big beat for Netflix on Wednesday, as the streaming giant reported higher-than-expected numbers for its fourth quarter earnings.
As this chart from Statista shows, the results are the cap on what's been a strong year for Netflix as a whole. The company closes the 2016 fiscal year with 93.8 million subscribers, up nearly 20 million from the year prior, and a long way from the days from when it mostly sold DVDs. The lion's share of that growth appears to be a result of Netflix's expansion outside the US, where 47% of its subscribers now reside.
Investors may still be concerned with slowing subscriber growth back in the US, and the fact that it's still spending a truckload to produce its original shows, but at this point you can see why Netflix isn't that worried about things like net neutrality changes.
Business Insider/Jeff Dunn
Next Story
Global stocks rally even as Sensex, Nifty fall sharply on Friday
In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
SBI Life Q4 profit rises 4% to ₹811 crore
IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
COVID lockdown-related school disruptions will continue to worsen students’ exam results into the 2030s: study
