Netflix didn't add as many new users in the last quarter as investors had been expecting, both in the USA and internationally.
Sacred Games, a Netflix original series in India, was also used an example of an worldwide show Netflix is producing that is Hollywood-level quality.
Netflix spoke about how this fall could be blamed on the fact that it's made the decision to move some of its most popular shows to the second quarter of the year.
Netflix plans to spend US$1 billion (S$1.4 billion) this year on marketing to attract subscribers.
"We're about 1 billion a week - so we've got a long way to catch up", he said.
First, let's look at the multiyear chart of Netflix, where we can see that its last big jump followed its January earnings report.
Moving the release of House of Cards season 5 to the second quarter has affected Netflix subscriber numbers in Q1.
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Discussing competition, Netflix predicted the launch of new over-the-top subscription TV services in the USA - like YouTube TV and Hulu's forthcoming TV offering - will not have "much of an impact" on the business as Netflix is "largely complementary" to pay TV packages.
Netflix's subscriber growth shows no sign of slowing, with nearly half its customers coming from outside the U.S.
Total revenues jumped to Dollars 2.637 billion from 1.958 billion the year before and against the company's guidance of 2.5 billion. "Our focus also is on on-demand, commercial free viewing rather than live, ad-supported programming".
With almost 100 million subscribers, Netflix assumes lead in the on-demand streaming space. "If you don't own it because you think Netflix was spending too much money to invest in said growth, you still feel the same way". Earlier this month Amazon secured a deal to stream NFL Thursday Night Football games. 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.
The strategy update was noted in a letter to shareholders as part of the streaming provider's quarterly check-in with Wall Street in which it reported more than $2.6 billion in first-quarter revenue and net income of $178 million.
Netflix announced previous year that it was going to invest $6 billion into developing original series and movies with the goal to make about 50 percent of its content original.
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