Graphic shows quarterly rise in subscribers over past six years.
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BUSINESS

Netflix reaches 125 million users

By Duncan Mil

April 18, 2018 - Netflix hit a record 125 million streaming subscribers in the three months to March with the addition of 5.5 million international subscribers. Revenues were up 40 percent to $3.7 billion.

While the streaming service is reportedly bleeding cash -- the Los Angeles Times recently reported that Netflix has more than $20 billion in accumulative debt -- investors see expansion to some 190 countries as a potential for profit in future years.

Netflix is planning to release 80 original films in 2018, costing upwards of $8 billion, according to Chief Financial Officer David Wells. “Let’s continue to add content -- it’s working, it’s driving growth,” Wells said.

Non-English content is expanding, Netflix said. “O Mecanismo” is on track to become one of the service’s most-viewed original series in Brazil, and Spanish-language heist thriller “La Casa de Papel” was the most-watched non-English series ever on Netflix, according to the company.

While Netflix now has 125 million streaming members worldwide, there are an additional 575 million broadband users that are non-members globally -- and that excludes China -- Netflix said.

Sources
PUBLISHED: 18/04/2018; STORY: Graphic News; PICTURES: Legendary Television
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