Netflix Reaches All-Time High After Smashing Market Expectations

Thanks to shows like ‘Luke Cage,’ ‘The Crown’ and ‘Gilmore Girls.’

Entertainment
62.1K 0 Comments

If you’ve been noticing an especially strong showing from Netflix over the past few months, the streaming content provider has the numbers to back it up. Ahead of its earnings call on January 18, Netflix stock reached its highest point yet at market close on Friday, up 3.5 percent to a share price of $133.70 USD.

This was in part boosted by Deutsche Bank analyst Bryan Kraft revising his rating from “Sell” to “Hold,” who projected the company to add 4.35 million international subscribers compared to Netflix’s own projections of 3.35 million. Kraft also noted the role of Netflix’s robust portfolio of in-house content, which in recent months included the likes of Golden Globe-winning The Crown, Luke Cage, and Gilmore Girls.

This good news follows a rocky 2016, where Netflix stock saw significant drops in April after the company under-performed in subscriber growth. In the U.S., RBC found that 54 percent of consumers use Netflix to watch movies and TV shows, while 67 percent of those aged 18-29 are subscribed to Netflix.

Read Full Article

What to Read Next

Soulja Boy Goes After 50 Cent for Posting About His Burglary
Music

Soulja Boy Goes After 50 Cent for Posting About His Burglary

Addressing his recent robbery for the first time.

The "Kanye West Soap Opera" Stars Bryan Cranston, James Corden & More
Entertainment

The "Kanye West Soap Opera" Stars Bryan Cranston, James Corden & More

Better than ‘Hamilton.’

The Air Jordan 4 Gets the "Royal" Colorway
Footwear

The Air Jordan 4 Gets the "Royal" Colorway

With a twist.

Dana White Ponies up $50 Million USD to Make the Floyd Mayweather vs. Conor McGregor Fight a Reality
Sports

Dana White Ponies up $50 Million USD to Make the Floyd Mayweather vs. Conor McGregor Fight a Reality

“I’ll tell you what Floyd, here’s a real offer…”

"Shoot Portraits, Not People" Is an Art Installation With Guns Created From Cameras
Art

"Shoot Portraits, Not People" Is an Art Installation With Guns Created From Cameras

It’s as cool as it sounds.


Watch Ryan Reynolds' Ridiculous "For Your Consideration" Oscars Video for 'Deadpool'
Entertainment

Watch Ryan Reynolds' Ridiculous "For Your Consideration" Oscars Video for 'Deadpool'

Can the Merc With a Mouth win Best Picture?

Stream PnB Rock's New Album, 'Goin Thru The Motions'
Music

Stream PnB Rock's New Album, 'Goin Thru The Motions'

Featuring Quavo, Wiz Khalifa, Ty Dolla $ign and more.

Wiley's Final Album 'Godfather' Is Now Available for Streaming
Music

Wiley's Final Album 'Godfather' Is Now Available for Streaming

A potential swan song for one of grime’s greatest.

Watch Nearly 30 Minutes of 'The Legend of Zelda: Breath of the Wild' Gameplay
Entertainment

Watch Nearly 30 Minutes of 'The Legend of Zelda: Breath of the Wild' Gameplay

Grab your snacks, this is good.

This Year's Super Bowl Will Feature New Player's Eye Camera View
Sports

This Year's Super Bowl Will Feature New Player's Eye Camera View

“Be the Player.”

More ▾