Let's keep this going

Sign up today to receive our daily news briefs featuring a handful of the most important stories in business, tech, and life. Delivered weekdays and Sunday.

EMAILED ON January 24, 2018 BY Wes Schlagenhauf

The results are in: Netflix is killing the game

Content, ConTENT, CONTENT. In a world of too many channels, too many platforms, and too many channels of platforms, the golden age of on-demand content is upon us — and Netflix is leading the charge.

With a better than expected Q4, the binge-worthy network blew past Wall Street’s projections on Monday with a late-night share surge of more than 10%, putting them into a very exclusive club:  they are now one of only 59 companies in the S&P 500 worth at least $100B ($110B, to be exact).

A monster Q4

Netflix added more than 8m net subscribers to end the fiscal year (the highest in the company’s history), trouncing their projection of 6.3m.

They also made $3.29B in revenue, even after reporting a $39m loss in unreleased content and raising their prices 10% last year — a move Netflix (incorrectly) predicted may cost them subscribers.

Dang, Netflix, what’s your secret?

With premium content comes premium subs

Netflix’s current subscriber base equates to almost half of all US homes, and they’re still growing. They expect a growing international base to help boost their earnings to $3.6B in Q1, and by a full $1B on the year.

The company credits their subscriber increase to their “original content slate.” With fan favorites like Stranger Things, and a recent oscar nom for Mudbound, their highly expensive productions are proving to be worth the price hikes.

Get news (like this) delivered by email every morning

Easy there partner...

TO read this story, Enter your email below

let's save the world together

Hold that scroll...

Want the real story behind Amazon?

Bezos wasn’t always King. Find out how a shocking stat started his empire.

You're already reading this so you might as well let me finish my point.

Look, you came to this site because you saw something cool.

But here’s the deal. This site, also known as The Hustle, is actually a daily email that covers the important news in business, tech, and culture.

So, if you like what you’re reading, give the email a try. You can always unsubscribe.

Fresh business and tech news served daily.