netflixNetflix added over a third more subscribers than expected in the last quarter of 2016, the streaming video service revealed yesterday. According to its latest Q4 letter to shareholders, Netflix signed up 7.1 million new subscribers worldwide, almost two million more than analysts expected, despite price raises during the quarter.

The company put the boost down to the success of original shows like season 3 of Black Mirror and British drama The Crown which have garnered strong global followings. Notably, the company said millions of U.S. subscribers had tuned in to watch dubbed and subtitled versions of Brazilian series 3%, making it the first Portuguese-language TV show to travel meaningfully beyond Latin America and Portugal.

Internet video is a global phenomenon. Amazon Prime Video expanded recently to match our territory footprint, while YouTube remains far larger than either of us in terms of global video enjoyment minutes. Video consumption is growing on Facebook, and Apple is rumored to be adding video to its music service.

...The BBC has become the first major linear network to announce plans to go binge-first with new seasons, favoring internet over linear viewers. We presume HBO is not far behind the BBC. In short, it’s becoming an internet TV world, which presents both challenges and opportunities for Netflix as we strive to earn screen time.

Netflix said it planned to release more than 1,000 hours of original programming this year, up from 600 hours in 2016. It also said it had recently signed a deal with comedian Jerry Seinfeld to stream Comedians in Cars Getting Coffee as well as two new stand-up specials and other shows he will develop.

Netflix announced earnings of 15 cents per share and revenue of $2.48 billion, beating Wall Street expectations of earnings at 13 cents per share. Netflix rose as much as 8.2 percent in after-hours trading following the earnings report, adding nearly $5 billion to the company's stock market value.

Tag: Netflix

Top Rated Comments

69Mustang Avatar
110 months ago
No longer subscribe to Netflix BECAUSE of their original content, for which they gutted their movie catalogue. Don't watch "TV shows" whether they are produced by Netflix or CBS. I was only there for the movies.
You're in the minority. It's pretty evident that original programming helps to drive subscriptions. They're more sticky than a single movie. Movies may have been Netflix's foundation but it seems clear that series, original or rebroadcast, drive the future.
Score: 7 Votes (Like | Disagree)
J.Dillinger Avatar
110 months ago
Good to see it. Netflix has some great original programming and getting better. They completed their migration to AWS and service has been stellar. Offline downloads came to iOS recently. Cable and network TV are being forced to reconsider their service offerings. Give 'em hell Netflix.
Score: 7 Votes (Like | Disagree)
CharlesShaw Avatar
110 months ago
Every time I think about taking a break from Netflix they release another original series I like.
Score: 5 Votes (Like | Disagree)
imanidiot Avatar
110 months ago
These were the minority in all probability.
No longer subscribe to Netflix BECAUSE of their original content, for which they gutted their movie catalogue. Don't watch "TV shows" whether they are produced by Netflix or CBS. I was only there for the movies.
Score: 4 Votes (Like | Disagree)
itsmilo Avatar
110 months ago
They release so many shows i cant even keep up any more!
Score: 4 Votes (Like | Disagree)
2010mini Avatar
110 months ago
Apple should've bought this company years ago and let it run independently.
Score: 3 Votes (Like | Disagree)

Popular Stories

iPhone 17 Pro Lower Logo Feature 1

iPhone 17 Pro Coming Soon With These 14 New Features

Monday June 30, 2025 1:08 pm PDT by
Apple's next-generation iPhone 17 Pro and iPhone 17 Pro Max are less than three months away, and there are plenty of rumors about the devices. Apple is expected to launch the iPhone 17, iPhone 17 Air, iPhone 17 Pro, and iPhone 17 Pro Max in September this year. Below, we recap key changes rumored for the iPhone 17 Pro models:Aluminum frame: iPhone 17 Pro models are rumored to have an...
A18 Pro Chip

New MacBook With A18 Pro Chip Spotted in Apple Code

Monday June 30, 2025 8:05 am PDT by
Apple is developing a MacBook with the A18 Pro chip, according to findings in backend code uncovered by MacRumors. Earlier today, Apple analyst Ming-Chi Kuo reported that Apple is planning to launch a low-cost MacBook powered by an iPhone chip. The machine is expected to feature a 13-inch display, the A18 Pro chip, and color options that include silver, blue, pink, and yellow. MacRumors...
iPhone Car Key WWDC 2025

Apple Announces 13 Automakers Planning to Offer iPhone Car Keys

Friday June 27, 2025 11:42 am PDT by
In 2020, Apple added a digital car key feature to its Wallet app, allowing users to lock, unlock, and start a compatible vehicle with an iPhone or Apple Watch. The feature is currently offered by select automakers, including Audi, BMW, Hyundai, Kia, Genesis, Mercedes-Benz, Volvo, and a handful of others, and it is set to expand further. During its WWDC 2025 keynote, Apple said that 13...
maxresdefault

Five Features Coming to AirPods Pro 3

Friday June 27, 2025 10:52 am PDT by
Apple hasn't updated the AirPods Pro since 2022, and the earbuds are due for a refresh. We're counting on a new model this year, and we've seen several hints of new AirPods tucked away in Apple's code. Rumors suggest that Apple has some exciting new features planned that will make it worthwhile to upgrade to the latest model. Subscribe to the MacRumors YouTube channel for more videos. Heal...
macbook air spacegray purple

Apple Planning to Launch Low-Cost MacBook Powered By iPhone Chip

Monday June 30, 2025 3:20 am PDT by
Apple is planning to launch a low-cost MacBook powered by an iPhone chip, according to Apple analyst Ming-Chi Kuo. In an article published on X, Kuo explained that the device will feature a 13-inch display and the A18 Pro chip, making it the first Mac powered by an iPhone chip. The A18 Pro chip debuted in the iPhone 16 Pro last year. To date, all Apple silicon Macs have contained M-series...
anker power bank recall

PSA: Anker Recalls Multiple Power Banks Due to Fire Risk

Friday June 27, 2025 4:16 pm PDT by
Popular accessory maker Anker this month launched two separate recalls for its power banks, some of which may be a fire risk. The first recall affects Anker PowerCore 10000 Power Banks sold between June 1, 2016 and December 31, 2022 in the United States. Anker says that these power banks have a "potential issue" with the battery inside, which can lead to overheating, melting of plastic...
Chase Sapphire Reserve Apple Perk Feature

Chase Sapphire Reserve Card Introduces New Perk for Apple Customers

Wednesday June 25, 2025 2:08 pm PDT by
Chase this week announced a series of new perks for its premium Sapphire Reserve credit card, and one of them is for a pair of Apple services. Specifically, the credit card now offers complimentary annual subscriptions to Apple TV+ and Apple Music, a value of up to $250 per year. If you are already paying for Apple TV+ and/or Apple Music directly through Apple, those subscriptions will...
replay all time playlist apple music

Apple Music Debuts All-New Personalized Playlist

Monday June 30, 2025 7:16 am PDT by
As part of its 10-year celebrations of Apple Music, Apple today released an all-new personalized playlist that collates your entire listening history. The playlist, called "Replay All Time," expands on Apple Music's existing Replay features. Previously, users could only see their top songs for each individual calendar year that they've been subscribed to Apple Music, but now, Replay All...