He did, however, touch on the troubles other technology giants like Facebook are now encountering with data privacy, and claimed that not being in the advertising business keeps Netflix from being vulnerable to those issues.
Netflix has relied on global growth and heavy investments in original content to drive subscriptions - and Monday's results provided an update on their effectiveness. Los Gatos, California-based Netflix added 7.41 million users in the first quarter of the year, according to a statement Monday, easily topping analysts' projections. Netflix's revenue for the quarter was up 35.9% compared to the same quarter past year.
In the wake of Netflix's earnings report, shares of the streaming giant are up almost 7%. The stock has had quite a run in 2018, starting the year at $196.10 and closing at $311.65 on Friday.
Netflix has changed the industry in a "profound way", giving it a "significant" lead and making it hard for traditional mediacompanies to catch up, thefly.com cited Deutche Bank analyst Bryan Kraft as saying.
Shares in Netflix Inc neared a record high on Tuesday after the online video streaming service reported a rise in subscriber additions for the fourth straight quarter.
That free cash flow - or the cash generated by Netflix's operations minus its costs for capital projects like spending on its headquarters - was negative US$1.8bn in the last 12 months. In Netflix's case, profit margins moving forward are forecasted to expand along with the Online Retail industry margins, whilst at the same time, the forecasted ROE of Netflix is greater than the industry at 27.66% and 13.28% respectively, although it must not be forgotten than this result is influenced by the company's debt levels. Cambridge Investment Research Advisors Inc.'s holdings in Netflix were worth $8,833,000 at the end of the most recent quarter. Total streaming revenues are forecast at Dollars 3.84 billion, with U.S. streaming revenues seen at USD 1.89 billion and worldwide streaming revenues at USD 1.94 billion.
What is more surprising is Netflix added more streaming customers in its home country in the last 12 months than it did during the same stretch in 2015, when it was a far smaller company. Netflix's revenue for the quarter was up 32.6% on a year-over-year basis.
Netflix has told investors it will save money by bringing development and production in-house and avoiding the markups imposed by rival studios. The company offers TV shows and movies, including original series, documentaries, and feature films.
The slate included Altered Carbon & ldquo; science comic series & rdquo; and Marvel activity play & ldquo;Jessica Jones.
Increases in both subscriber numbers and prices helped Netflix to a 43% first quarter revenue increase year-over-year.
Netflix said on Monday the bundles allow the company to upsell existing subscribers. On Monday, the company said it aims to add another 6.2 million subscribers in the second quarter.
"Our 125 million members provided us with $3.6 billion in streaming revenue in Q1". But it means they can't talk about Netflix's impressive subscriber number without also showing that those gains are essential to the Netflix machine.
Do you think Netflix will achieve a new all-time high on the stock market today?
Shock as Blitzboks fail to medal, NZ take gold at Games
The home side couldn't capitalise, with Blyde putting a try-saving tackle on Emma Tonegato just metres short of the line. The victor of that match will progress through to the semi-finals and the loser will be out of medal contention.
Jeremy Corbyn: May waiting for Trump instructions on Syria
But the Prime Minister said she had authorised the operation "because I judge this action to be in Britain's national interest". North Atlantic Treaty Organisation allies have given the action their full support, secretary general Jens Stoltenberg said.