Netflix posted 35% YoY growth with 29 million new subscribers

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Netflix is unquestionably a personal favorite of many. Well, the substantial growth in the company’s revenue shows is enough to justify the reasonable quality of content. Today, Netflix publishes a revenue of $16 billion in 2018. With that said, it is around 35% yearly growth. Also, the operating profit of the company raises to $1.6 billion.

Netflix posted 35% YoY growth with 29 million new subscribers

The revenue growth in the company’s profit is substantially due to the increase in the number of subscribers paying for the subscription. The company lured 29 million new paying members in the year 2018. Well, out of these subscribers 9 million paying subscribers joined in the last quarter. Now, the company has a total of 139 million paying subscribers. Further, Netflix expects around 8.9 million to join in this quarter.

Additionally, the company talks about the success of Bird Box. The American post-apocalyptic film earned 45 million views in the period of first seven days of its release. The streaming company foresees 80 million more views in the first four weeks.