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Netflix passes 125 million subscriber milestone

by Mark Tyson on 17 April 2018, 12:01

Tags: Netflix

Quick Link: HEXUS.net/qadsre

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The week before last HEXUS ran with a QOTW, asking respondents to choose: ‘TV License or Netflix?’. It was definitely a hot topic with impassioned responses from both BBC stalwarts, Netflix converts, and others. Overall I got the feeling from the forum responses that the tide was turning away from the BBC, with many people preferring to watch IP-TV, on-demand, making the live-TV model and associated license fee an archaic unwanted way to pay for entertainment.

Yesterday evening Netflix reported its latest earnings with the headlining data that it has passed the milestone of 125 million subscribers (worldwide figures). If anything growth continues to accelerate, and a price hike late last year seems to have little if any negative impact.

In Q1 2018 Netflix added 7.4 million subscribers. That’s 50 per cent better than in the same period last year. However, sequentially the figure is down: Q1 is traditionally a ‘slow period’ compared to Q4 in the entertainment sector. The best advances came in the form of new subscriptions in Europe and Latin America (5.5 million).

Even Netflix sounds surprised at its own success - “We've outperformed the business in a way we didn't predict,” David Wells, Netflix's CFO, said on a conference call with analysts Monday, reports CNN Tech. “The business has grown faster than we expected.”

Netflix expects to spend as much as $8 billion on shows and movies this year, this figure is up from $6 billion in 2017, according to the latest earnings report. To help finance this colossal spend the company raised prices by 10 per cent to $10.99 a month (standard service) in the US. In the UK that same level of service (different content though) was priced up from £7.49 to £7.99.

Growth was well ahead of Wall Street estimates and thus, in afterhours trading, NFLX stock values have risen by as much as 8 per cent. Over the year NFLX stock has gone up by a healthy 60 per cent. Meanwhile, several big name tech stocks have tumbled amid regulatory concerns.



HEXUS Forums :: 17 Comments

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Well they just lost 3 from our family as we all canceled due to AGENDA tv. Tired of SJW crap. I want to be entertained, not preached to all day. Might as well call it LGBTflix. If it's not that they keep changing history (or comics in the case of all the DC stuff, man lawyer turns lesbian across all their shows), as is the case with Lost in Space with “updated gender roles”…They added the token black kid (not in original show family) and the mom (all women in it) can't be like the old family. How many times will we alter old shows to fit some new narrative? Xena will be coming back lesbian soon too (ugh). TV can't stop changing comics. I'm done with that crap too (supergirl, arrow etc. Whole family keeps dumping this SJW crap). Please stop changing TV (old shows remade LGBT etc), games (baldurs), comic books (ugh) and concentrate on making that stuff in NEW shows. Why they have to create tons of hate by altering classics is beyond me. In a few years I will have ZERO tolerance if they keep this up and I had ZERO problem with them a few years ago. I had a gay boss who was probably the best boss I had so far. He didn't shove it down my throat daily - more like a Dave Rubin (who I love watching too! Great Interviewer). The worst part is, the SJW crowd is the LEAST tolerant group on the planet (incoming SJW mod in 3…2…1…LOL). It's relevant to the topic (why we just cancelled instead of staying in is relevant right?)…Pfft.

Nothing uncivil about what I said, but SJW's hate discussion/debate and free speech can burn in hell right? ;) If SJW mods keep nixing CIVIL discussion here, I'll have to tell everyone I know to dump this site like many of the people I know are dumping netflix & cabletv…LOL
nobodyspecial
Xena will be coming back lesbian soon too

Only cancelled your sub temporarily then?

:)

I quite like the variety on there, loads of comedy and some good serious stuff. Currently half way through Designated Survivor which is quite good. I agree the Marvel franchises are trying to tick a lot of boxes, and are worse for it.

The mrs enjoys watching prison/crime documentaries, which seem to make up a good 40-50% of the content on 'flix.
nobodyspecial
Well they just lost 3 from our family as we all canceled due to AGENDA tv. Tired of SJW crap. I want to be entertained, not preached to all day. Might as well call it LGBTflix. If it's not that they keep changing history (or comics in the case of all the DC stuff, man lawyer turns lesbian across all their shows), as is the case with Lost in Space with “updated gender roles”…They added the token black kid (not in original show family) and the mom (all women in it) can't be like the old family. How many times will we alter old shows to fit some new narrative? Xena will be coming back lesbian soon too (ugh). TV can't stop changing comics. I'm done with that crap too (supergirl, arrow etc. Whole family keeps dumping this SJW crap). Please stop changing TV (old shows remade LGBT etc), games (baldurs), comic books (ugh) and concentrate on making that stuff in NEW shows. Why they have to create tons of hate by altering classics is beyond me. In a few years I will have ZERO tolerance if they keep this up and I had ZERO problem with them a few years ago. I had a gay boss who was probably the best boss I had so far. He didn't shove it down my throat daily - more like a Dave Rubin (who I love watching too! Great Interviewer). The worst part is, the SJW crowd is the LEAST tolerant group on the planet (incoming SJW mod in 3…2…1…LOL). It's relevant to the topic (why we just cancelled instead of staying in is relevant right?)…Pfft.

Nothing uncivil about what I said, but SJW's hate discussion/debate and free speech can burn in hell right? ;) If SJW mods keep nixing CIVIL discussion here, I'll have to tell everyone I know to dump this site like many of the people I know are dumping netflix & cabletv…LOL

Maybe I was interpreting it wrong (wishful thinking?) but I thought it was very strongly implied that Xena and Gabrielle were more than just friends.

You're doing what you can, if Netflix (or anyone else,) don't offer up content you enjoy then vote with your feet. Not sure the pre-emptive vitriol is required though, could make it seem like it's not Netflix creating the tons of hate.
If a remake doesn't suit your tastes, why not just watch the old ones?

I thought the whole point of a remake was that it was different, and more up-to-date.
did the lost in space 10 ep yeah not to bad .. LGBT I live in blackpool nothing new but nothing old ..
don't have a prob with all the macho queens ..
it's been around for thousands of yrs just because it's in your face now whats the prob ?
they watch tv as well. xena oh my bring it on Netflix style …lol