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Netflix is now worth more than $100B

Netflix is now worth more than $100B
From TechCrunch - January 22, 2018

Netflix crossed a fun milestone today, crossing the $100 billion mark for its market cap as it once again surprised industry observers with better-than-expected growth in its subscribers.

Well get to the financial numbers in a minutebut, as usual, the big story here is that it continues to wow Wall Street with impressive growth in its subscriber numbers. The company said it added more than 8 million new subscribers total after already setting pretty robust targets for the fourth quarter this year, giving it a healthy push as it crossed the $100 billion mark after the report came out this afternoon.

Heres the rundown:

Netflixs biggest challenge has been to aggressively invest in good original content thats going to bring in new subscribers.While its shows may clean up at various awards shows like the Emmys, it still has to show that it can convert those awards into raw subscribers. But thanks to what appears to be continuing success with its original content like Stranger Things, as well other returning seasons for shows likeThe Crown, its been able to continue its staggering run.

While the companys core financials actually came in roughly in line with what Wall Street was looking for (which is still important), Netflixs subscriber numbers are usually the best indicator for the core health of the company. That recurring revenue streamand its growthis critical as it continues tovery aggressively spend on new content. The company said its free cash flow will be between negative $3 billion and negative $4 billion, compared to negative $2 billion this year.

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