The subscriber milestone highlighted Netflix’s fourth-quarter results released this week. The service added another 8.5 million subscribers during the October-December period, capping Netflix’s biggest year since its inception as a DVD by-mail service in 1997. Netflix ended the year with nearly 204 million worldwide subscribers.
The fourth-quarter gains easily topped the projections of the roughly 6 million additional subscribers projected by Netflix’s own management and Wall Street analysts. Netflix’s stock surged by more than 13% extended trading after the latest subscriber numbers came out.
After its upending of the DVD-rental industry, Netflix introduced the then-revolutionary concept of streaming TV shows and films 14 years ago. At that time, its service had a mere 6 million subscribers.
This story is from the Techlife News #482 edition of Techlife News.
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