Netflix posted $2.48 billion in revenues and 15 cents a share in earnings, beating analyst estimates. Big bump came from overseas growth, thanks to original content they have been pumping out in the International markets. With 93 million subscribers, I believe by end of the first quarter of 2017 or first month of Q2 2017, Netflix will pass 100 million subscribers, thanks in part to growth in international markets. Expect the international subs to zoom past domestic subs in Q2 2017 as well. Not bad for a 10-year-old business. That is one of the many reasons why I have argued in the past that Apple should buy Netflix, even if it costs an arm-and-a-leg. [Netflix IR]
Originally featured on this weekend’s newsletter, where I share my recommended reads & reflect on the most important stories of the week. If you have not signed up, you can visit TinyLetter to sign-up!
