Netflix generated $8.3 billion in global streaming revenue in 2016, with 35 percent year-over-year growth, it reported Wednesday. The company ended last year with 93.8 million members, including 19 million net additions — up from 17.4 million new subscribers in 2015. Netflix’s global revenue for the fourth quarter of 2016 grew by 41 percent year-over-year to $2.4 billion, and 7.05 million net new members joined during that time period. The U.S. accounted for 1.93 million new subscribers, while the rest, 5.12 million, came from international markets. The growth greatly exceeded Netflix’s own forecast.
The original article can be found here: http://www.ecommercetimes.com/story/84245.html?rss=1
Powered by WPeMatico