Jan 17, 2019

Netflix boosts subscriber numbers to nearly 140 million

Netflix closed the year with more than 139 million paid subscribers, almost tripling its membership base in just five years. The data offered investors a more detailed look the habits of Netflix customers, as the firm seeks to explain how its massive spending on content is paying off. "Our multi-year plan is to keep significantly growing our content while increasing our revenue faster to expand our operating margins," Netflix said in a letter to shareholders. You, the consumer, have more things than ever to look at, or interact with, and competition for Netflix will only get fiercer in 2019. In the letter, took time to big up its successes - Birdbox, which it estimates will be watched by 80 million households within four weeks of its release, and a Spanish-language exclusive, Elite, that has attracted more than 20 million.

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