Netflix added 8.3 million new subs in Q4 and $100 billion market cap

Netflix makes a history of US$100 billion in night growth and adds a new 8.3 million in the 4th quarter in 2017. The online entertainment platform founded by Reed Hastings and Marc Randolph at Los Gatos has built an unprecedented growth in the release of the company's latest report.

The company said it had added more than 8 million new customers in the fourth quarter driven by aggressive investment in original content sustained by growth as a good cycle. Netflix says it will spend between US$7.5 billion and US$8 billion on original content in 2018.

Tinuku Netflix added 8.3 million new subs in Q4 and $100 billion market cap

Netflix earned 20 Emmy awards last year that would indicate that the company has the ability to continue to grow in health to cope with an increasingly crowded market. The company demonstrates its ability to continue offering value to customers especially in the global marketplace.

The report posted revenues of US$3.29 billion, compared with an estimated US$3.28 billion, while earnings of 41 cents per share as estimated by Wall Street. In Q4 add new customers in the US as much as 1.98 million, while international customers as much as 6.36 million.

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