Video streaming service announces it added 8.33m subscribers in final three months of 2017, including 6.36m internationally

This article is more than 2 years old

This article is more than 2 years old

New subscribers drawn in by shows including Stranger Things, Bright and The Crown helped push the valuation of Netflix past $100bn on Monday for the first time.

Releasing its latest quarterly figures the video streaming service announced it had added 8.33 million subscribers in the three months to the end of December.



The company signed up 6.36 million subscribers internationally, well above the average analyst estimate of 5.1 million, according to data and analytics firm FactSet.



Netflix’s shares reached a record at $227.79 during regular trading on Monday, valuing the company at $98.4bn, and rose 7.8% after hours, comfortably pushing its value past $100bn.

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“We had a beautiful Q4 [fourth quarter], completing a great year as internet TV expands globally. In 2017, we grew streaming revenue 36% to over $11bn, added 24m new memberships (compared to 19m in 2016), achieved for the first time a full-year positive international contribution profit, and more than doubled global operating income,” the company wrote in a letter to shareholders.

The company expects to add another 6.35 million new subscribers in the first three months of 2018, including 1.45 million in the US and another 4.9 million internationally, even as competition from tech entrants including Apple and Facebook grows and traditional media companies including Disney beef up their streaming services.



“The market for entertainment time is vast and can support many successful services,” the company said.



Founded in 1997, Netflix now has more than 109 million members in over 190 countries who watch more than 140m hours of TV shows and movies per day.

