Netflix Is Now Worth More Than $100 Billion

mag813 January 23, 2018 0
Netflix Is Now Worth More Than $100 Billion

Netflix has released its fourth-quarter earnings report for 2017, proving what seemed fairly evident to most of us last year — that the company is killing it.

In the latter quarter of 2017, the streaming giant’s subscriber base grew by eight million, bringing Netflix’s market value above $100 billion.

A lot of this growth is down to Netflix’s investment in original programming — from the return of Stranger Things to new shows like American Vandal and The End of the Fucking World.

However, after allegations against Kevin Spacey and Louis C.K. emerged late last year, Netflix cut ties with both men and canceled their upcoming projects. While the earnings report didn’t mention Spacey or C.K by name, it did say that it lost out on $39 million in the fourth quarter because of “unreleased material,” according to Bloomberg.

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