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.