je.st
news
Netflix adds 8.8 mln subscribers in Q4, amid lower profit and record negative free cash flow
2019-01-18 09:16:00| Telecompaper Headlines
(Telecompaper) Netflix added 8.84 million paid subscribers in the fourth quarter, including 7.31 million outside of the US. The total number of customers now amounts to 139 million. Expenses for original content went to EUR 3.78 billion for the quarter and EUR 13.0 billion for all of 2018. Netflix kept its margin expectations and showed it wants to make its own films just as successful as its own series. Revenues for the quarter rose by 27 percent, but profit fell due to sharply higher spending on marketing, R&D and interest. Cash outflow increased due to increased investments in original content.
Tags: free
record
lower
cash
Category:Telecommunications