Netflix does it again.
It beats forecasts of subscriber numbers and shares climb +12%.
New subscribers rose +22% year on year, to 4.88 million (forecasted at 4.05 million). Good forecasting though but it's a staggering growth.
It now has a total of over 62 million subscribers.
This is driven by original content such as 'House of Cards' which is better than excellent and the decline in traditional TV viewing as viewers switch online. The original shows are also giving Netflix the edge of competitors such as Hulu. Revenue is 1.57 Billion usd, which shows that their pricing is right.
It's a tremendous success and it's hard to see Netflix not continuing to power on as its penetration in international markets is still low.
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