Netflix has killer Q4, sees 40% more growth coming in 2018

Will spend up to US$8 billion this year on contentLOS GATOS, Calif. – Pronouncing it “beautiful”, Netflix’s fourth quarter capped off a 2017 which saw a 36% total increase in streaming revenue to over US$11 billion on the year – adding 24 million new memberships (compared to 19 million in 2016).Netflix added 8.3 million new streaming subscribers in the fourth quarter, ended December 31, 2017, the highest quarter in its history and up 18% versus 2016. “This exceeded our 6.3m forecast due primarily to stronger than expected acquisition fueled by our original content slate and the ongoing global adoption of...