Netflix has revealed its financial results for the fourth quarter of 2016, the company had total revenue of $2.35 billion for the quarter.
This is up from $1.67 billion in the same quarter of 2015 and the company also saw its subscriber based grow significantly.
Netflix managed to add 1.93 million new subscribers in the US in quarter four and 5.12 million new subscriber globally.
The company has been focusing on original content which has made the streaming service incredibly popular.
It will be interesting to see if the company is able to continue to grow as fast as it has been doing and whether it will be able top continue to add record subscribers next quarter.
Source TechCrunch, Techmeme
Filed Under: Technology News