Netflix shows Bird Box and Elite drive subscriber growth

FILE This file image released by Netflix shows Sandra Bullock in a scene from the film

For the fourth quarter, Netflix reported revenue of $4.19 billion for the quarter that ended in December, slightly below the $4.21 billion that Wall Street analysts had forecast, according to IBES data from Refinitiv. The price hikes affect all new subscribers immediately, as you can see on the Netflix signup page, but current subscribers will begin to see the new prices reflected in their bills over the next three months. Analysts had expected 7.5 million new subscribers while Netflix itself had forecast 7.6 million.

It's not just "Bird Box" either, as the footage was also sold to another Netflix production called 'Travelers'. From a direct-to-door DVD delivery service to the premiere content streamer in the world, Netflix is at the top of its game.

Netflix said its programming was so popular it now accounts for about 10 percent of television screen time in the United States.

Again, it was its worldwide gains that boosted the streamer most significantly, with Netflix adding 7.3 million such subscribers to hit 80.8 million non-US subs.

According to its earnings release, Netflix added 7.3 million worldwide paid subscribers during the quarter, well above the 6.1 million subscribers Wall Street had expected. Apparently, viewership has been so high amongst subscribers that the company says the show will garner more than 40 million views from members within its first four weeks (a period that ends on January 23). Netflix has already said it expects to add 8.9 million more subscribers in Q1 2019.

Netflix still has 2.7 million subscribers to its original DVD rental service in the U.S. This number is down from 3.33 million previous year.




Netflix's original series and films, including post-apocalyptic thriller Bird Box, helped draw nearly nine million new subscribers to the streaming service in the fourth quarter.

Since the use of the footage was revealed, Lac-Megantic Mayor Julie Morin has asked Netflix to look at its catalog to ensure footage doesn't appear in any more of the streaming giant's productions. The last time Netflix raised prices was in October 2017.

The company said on Thursday it would "continue to finance our working capital needs through the high-yield market" for as long its marginal after-tax cost of debt is lower than the cost of equity. The company's outlook for first-quarter earnings and revenue also came in weaker than analysts were anticipating. Analysts expected EPS of 24 cents on revenue of $4.21 billion.

According to North Shore News, the footage was first spotted by high school ethics teacher Guillaume Bouchard while he was watching Season 3 of Netflix original sci-fi series Travelers.

Still, most of Netflix's growth is coming from overseas.

The video streaming pioneer's shortfall in revenue expectations disappointed investors looking for a bigger payoff from the company's recent decision to raise prices as much as 18 percent for its USA customers.

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