Netflix owes its recent success to international growth
Advertisement
Netflix shares hit a record high this morning after the company blasted past earnings expectations yesterday afternoon and hit 65 million subscribers.
Advertisement
Advertisement
As this chart from Statista shows, the company owes most of its recent growth to its international business. Since the beginning of 2014, international subscriber growth has outpaced US growth every quarter - this quarter, it added nearly three times as many subscribers overseas (2.4 million) as in the US (900,000). Netflix expects to add 3.55 million subs next quarter, too.
Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More
Advertisement
- Luxury “floating” beach unveiled in France, termed an “ecological aberration”
- Scientists think they’ve spotted 60 potential alien power plants in the Milky Way!
- Bread, butter, milk-based health drinks, cooking oils classified as ultra-processed food, ICMR advises restriction
- Debt, equity holders approve merger of IDFC with IDFC First Bank
- Sunrisers Hyderabad to take on Punjab Kings as they look to grab the second spot in IPL points table