At least in Spain, many are the rivals of Netflix that part of the pie is disputed, curiously in this post we will see the figures that this streaming service moves, which make it clear that, despite the fact that companies such as HBO, Amazon and even Apple in the not too distant future, they are betting a lot For these types of services, the truth is that Netflix's supremacy is impressive.
According to the figures presented, I personally have to admit that they seem impressive to me, we speak for example that the company won only in the last quarter of last year nothing less than 7 million new subscribers reaching over 93 million subscribers. Apparently, the expectations of the Netflix board are to reach 100 million subscribers in the month of March of this year.
Netflix, despite quite controversial decisions, manages to save the year with impressive results.
Not surprisingly, this impressive increase in subscribers also translated into profits as the company's shares rose this last quarter by 10% thus becoming one of the most interesting financial products during 2016. Regarding the benefits obtained by the company, not only in the stock market, we speak that 186 million, undoubtedly a fact that corroborates all those risky investments that have been made during 2016 and that did not sit well with their investors.
We must remember that, to produce exclusive content, a multimillion-dollar investment had to be made, which was partly financed by removing a lot of content from other production companies from the catalog of series and films. This caused thousands of users to complain because, at one stroke, they could no longer access hundreds of titles that had been removed. After these months the results give the reason to the company leaders faced with this difficult decision.
Further information: with the BBC