Netflix reports record subscriber growth in Q417

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Netflix added 8.3 million global members in Q4 2017 (including free accounts), the highest quarter in the company’s history and up 18% vs. last year’s record 7.05 million net adds. The OTT service reached 117.6 million total global members (110.6 million paid memberships).
In the United States, Netflix added 1.98 million users to reach 54.8 million (52.8 million paid accounts). The biggest growth was in the International market, where it added 6.36 million users, “a new record for quarterly net adds for this segment”, said the company in the presentation of the results. In this segment Netflix reached 62.8 million (57.8 million paid accounts).
The company reported total revenue in the streaming business of USD 3.2 billion, of which USD 1.6 billion comes from the US market.
According to Netflix, these good results are attributed to “stronger than expected acquisition fueled by our original content slate and the ongoing global adoption of internet entertainment”. In its letter to shareholders, the streaming giant highlighted the success of its international original series. In Q4, Netflix released season 3 of “Club de Cuervos” as well as “The Day I Met El Chapo”, both of which are from Mexico; and debuted “Dark”, its first German original drama series, which has been viewed by millions of members in the US and has outsized watching throughout Europe and Latin America. The company said that will expand this initiative with over 30 international original series this year.

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