Connect with us

The Outside World

Netflix Reaches 137 Million Subscribers, Sends Stock Prices Skyrocketing

Published

on

Netflix, the world’s favorite streaming service, has skyrocketed in subscriber growth for the 2018 third quarter. In the second quarter, subscriber rates took a downturn which dramatically reflected in stock trading after the report was released. However, Netflix is once again on the up and up, with almost 12% increase in stocks and unprecedented subscriber additions.

Netflix Is Officially Over The Spring “Speed Bump”

In the spring of this year, Netflix failed to reach their projections in subscriber count, which resulted in a significant drop in stock price for after-hours trading. This undoubtedly motivated Netflix to recoup in quarter three, in order to prove that the dip was an unfortunate blip in the radar, not a downward trend.

Digital Trends

GBH Insights technology analyst Daniel Ives commented, “After handily blowing away Street expectations on subs in the last few years, this is a clear speed bump for Netflix…” He noted that the stagnation in international subscribers was most concerning, as Netflix’s main growth objectives focus on international sales. However, quarter three proved Netflix didn’t have to worry about international growth.

Investors Celebrate Strong Q3 Growth

Netflix projected 5 million net subscribers for the third quarter but exceeded that by 2 million. Of the 7 million, 5.87 million were international. Netflix now has a total of 137 million subscribers around the world.

Chime Group

Netflix also exceeded analysts’ estimates for share earning in the third quarter by 21 cents. Stock prices were driven up 12% to $388.49 in after-hours trading after the quarter three report was released. Their streaming revenue of $4 billion matched Wall Street’s projections.

What’s Next For Netflix?

CEO Reed Hastings confirmed that Netflix’s plan for 2019 focuses heavily on original content, giving the company control over distribution and growing consumer loyalty for the service. Because of this increased focus on original content, they recently acquired a studio in Albuquerque, New Mexico to produce more high-quality shows and films.

Charger Bulletin

Some of Netflix’s most popular original shows and movies include Disenchantment (created by Matt Groening, creator of The Simpsons and Futurama), Big Mouth, Bojack Horseman, and F is for Family. Hastings promises more quality shows and romantic comedies like To All the Boys I’ve Loved Before in 2019.

The Outside World

Neverland Ranch is Back On The Market: Take A Look Around the Amusement Park

Situated in the Santa Ynez Valley of Santa Monica, California, the almost 3,000 acre plot of land upon which Neverland Ranch was constructed has recently been placed back on the market. Nowadays, the one-time residence of international pop sensation Michael Jackson is going by a new name: Sycamore Valley Ranch. Much of the estate is as it was during the 15 years Jackson called it his home, except for a few glaring differences – namely, the removal of the fun-fair rides that gave the home its whimsical name Neverland Ranch. The very last vestiges of where the carousel once spun are still visible as you go through the grounds. Read on for an in-depth view of the ranch.

Published

on

Continue Reading

The Outside World

Jim Henson’s ‘The Storyteller’ Set To Return Thanks To Neil Gaiman

As the creator of The Muppets, Jim Henson provided children with countless memories for generations. It's almost impossible to find one person that wasn't enamored with his colorful characters. One author is looking to revive one of his most beloved programs for the small screen. It's Story Time Neil Gaiman has unveiled plans to revive Henson's The Storyteller. For Gaiman,...

Published

on

Continue Reading

The Outside World

Famous People In History Whose Identities Remain Unknown

The world is a massive place, and despite the connectivity of the world nowadays some things remain a mystery. Legends have been built up around people we have never learned a thing about except the actions that got them noticed, leaving speculation about their true identity. The following people in particular have caught the interest of several generations. The Max...

Published

on

Continue Reading