USA paid subscribers continued to grow at a slower pace than we previously projected, with trailing 12-month paid net adds at 3.7 million in the quarter, down 32% from 5.4 million at the end of first-quarter 2016, which was down 9% versus 2015.
Additionally, House of Cards season five was pushed into the second quarter, while new seasons of the show were previously released during past first quarters.
The service added almost 5 million subscribers during the first three months of the year, and will end March with 98.7 million customers in roughly 190 countries.
Pachter added that Netflix clearly had a vision before those devices became commonplace.
Netflix's confidence in its existing business model was borne out by the company's results for the quarter: Revenues increased 35%, while the service added 5 million new members.
According to the company, earning per share for the first quarter was $0.40 per share, which surpassed the previous estimates of $0.37 per share.
"The thing is, everybody watches TV, and almost everybody has the Internet", Netflix CEO Reed Hastings said during the company's first-quarter 2017 earnings webcast. In that time, Netflix has added 72 million more subscribers.
The firm had predicted that it would see a growth of 5.2 million subscribers in this quarter, however the streaming firm only managed to gain 4.95 million. HBO has 134 million subscribers worldwide, including viewers paying for an internet-only version of the channel that was inspired by Netflix's success.
Since Netflix is not dipping into the live television streaming field it does not stand to compete with other sites such as PlayStation Vue, DirecTV and YouTube TV.
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However, this has upset some members of the public who believe she is forgetting about the historic European Union referendum. May is hoping to gain a bigger majority in Parliament for her Conservatives , strengthening her negotiating hand with the EU.
Instead, the subscription video-on-demand service signaled a broadening interest in comedic material, pointing to a milestone set by its just-released "Dave Chappelle: Collection 1" special, which the company said is already its most-viewed comedy special ever. Netflix so far has responded to the challenge by employing heavily on original productions like "House of Cards" and "Stranger Things" and marketing its service at a comparatively low price.
The market for subscription video services in Europe (EFA) is projected to expand by nearly $1 billion annually for the next five years, according to research firm ReThink Technology Solutions.
"We definitely see an incredible opportunity around the world", Hastings added.
Netflix has expanded around the world over the last few years, betting that its USA formula would pay off in other countries.
Along with the announcement, the company announced that it has renewed its deal with Adam Sandler to produce four new films, on the back of news that since joining subscribers have watched half a billion hours of his original content.
"We don't think it will have much of an impact on us as Netflix is largely complementary to pay TV packages", the report read.
EMarketer estimates Netflix will have 128 million viewers in the U.S. this year, up 6.6% from last year.
The author does not own Netflix shares.
The company is planning a significant marketing push to keep growing. Quarterly revenues of $2.637 billion just missed our consensus estimate of $2.641 billion, but this figure still represents growth of almost 35% year-over-year. When you look at Facebook's, multi-billion numbers.