Netflix blew away Wall Street expectations adding 5.2m subscribers vs. a projection of 3.2m. They beat the target by 63%!!!!
The stock is up 30% this year.
They have now broken 100m subscribers with more than half coming from outside the U.S.
Netflix has customers in 109 countries and 80% of the subscriber growth was outside of the U.S.
Revenue grew to $2.8b or roughly $9 per subscriber/month.
Assuming an average ad CPM of $25, an average user would have to watch 359 video ads per month to match that level of revenue.
Premium content. Netflix currently has $15.7b in content obligations and recently received 91 Emmy nominations.