Netflix valuation breaks $100bn for first time

New subscribers drawn in by shows including Stranger Factors, Vibrant along with the Crown helped push the valuation of Netflix past $100bn on Monday for the first time.

Releasing its newest quarterly figures the video streaming service announced it had added 8.33 million subscribers inside the 3 months towards the end of December.

The business signed up 6.36 million subscribers internationally, nicely above the typical analyst estimate of 5.1 million, according to information and analytics firm FactSet.

Netflix’s shares reached a record at $227.79 in the course of normal trading on Monday, valuing the organization at $98.4bn, and rose 7.8% after hours, comfortably pushing its value past $100bn.
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“We had a gorgeous Q4 [fourth quarter], finishing a great year as net Television expands globally. In 2017, we grew streaming revenue 36% to over $11bn, added 24m new memberships (when compared with 19m in 2016), accomplished for the initial time a full-year optimistic international contribution profit, and more than doubled international operating revenue,” the firm wrote inside a letter to shareholders.

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