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October 18, 2016

Netflix Reports Record Revenue – Narcos & Stranger Things to Play The Vital Role

Netflix Stock, Finance & Revenue Analysis: On this Monday, video streaming service Netflix revealed its third-quarter earning report. The report shows that,

the company has gained almost 3.6 million new paid subscribers,

which is more than they expected,

and record $2.15 billion in revenue. Up 36 percent over last year.

The company notes that their strong original content including Stranger Things to Play and Narcos Season 2 played the main attributes behind this ground-breaking success. The company also notes 40% of the estimated revenue was from abroad.  Operating income amounted to $106 million while net income was $52 million.

All [...]

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