Tuesday, October 18, 2016

Netflix has strong adding subscribers in the third tri

Netflix added 50% more subscribers than expected for the third quarter, driven by the popularity of shows like "Stranger Things" in markets outside of the United States, where the company managed to maintain its customer base despite raising prices.
The performance of the company represented a recovery compared to the previous quarter, which showed a disappointing growth of users. Netflix, which has invested heavily to grow outside the United States, also said it is on track to reap global profits materials in next year.
Netflix obtained about of 3,200,000 new subscribers in markets outside of the United States in the third quarter, above the average of 2,010,000 estimated by analysts.
In the U.S., the company added 370,000 customers compared with 309,000 analysts average expectations, according to the market research firm FactSet StreetAccount.
The company has grown to more than 130 markets around the world, including most countries with the exception of China. The company said on Monday that he was quitting to launch services in the Asian country in the short term, opting to license software to achieve modest revenue.
The company said it will raise investment in content in 2017 to 6 billion dollars a year, an increase of 1 billion compared with the applied this year.
"We will continue investing in content for a long time," said the Chief Executive of Netflix, Reed Hastings.
DCI News Item translated automatically
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