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Is Netflix’s Spending on Content Paying Off?

Is Netflix’s Spending on Content Paying Off?

Despite higher subscription rates and stiff competition, Netflix (NFLX) posted stellar 1Q18 subscriber numbers. Netflix’s total subscriber base increased ~6.3% to 125.0 million, with subscriber additions of ~7.4 million in 1Q18. The company’s subscriber additions exceeded Wall Street expectations of 6.5 million and management’s guidance of ~6.4 million.