Skip to main content
Jump to navigation
netflix devices

Netflix is still growing at a strong rate. The streaming service added 7 million subscribers between July and October. That's more than the 5 million the company had predicted.

The firm now has over 137 million customers around the world. By the end of the calendar year, it expects to reach 146 million subscribers.

The growth is especially impressive given that the service had an unusually weak second quarter (April to July). This sparked fears among investors that Netflix's hot streak was over and that its growth would stall.

It seems those fears were misplaced.

According to analysts, Netflix added almost 700 hours of original programming in the US in the three-month period. That's 135 per cent more than the same period last year.

Netflix said it would continue to invest heavily in original content.

"We recognise we are making huge cash investments in content, and we want to assure our investors that we have the same high confidence in the underlying economics as our cash investments in the past," it said in a letter to investors.

Join the conversation

comments powered by Disqus

Stay up to date

  • Google+ Follow uSwitchTech
  • Subscribe to our RSS feed

Latest comments

  • Dave Beck 9 months ago EU portability streaming law:... Netflix already provide a service if the country has a Netflix service. My UK Netflix account works for US...
  • Robert KołOdziej 9 months ago EU portability streaming law:... Netflix, for example, detects and blocks VPN. Tried it and failed just before Easter when we were abroad....
  • Vorteilspack 9 months ago Is Netflix making its own news... Oh no! Whoever told Netflix to do that did a good job sucking up money for something the world doesn't...

Search news