"However, given Netflix's longtime leadership and extensive content library, competitors will be hard-pressed to build streaming businesses that can aspire to become market leaders". And to think, it all almost fell apart with Quickster.
Netflix shares shot up 15% late Tuesday after reporting net income as well as growth in subscribers that significantly beat the figures forecast by Wall Street analysts. Subscriber growth was stronger than expected in the US and overseas. In total, Netflix now enjoys north of 137 million subscribers, 130 million of which are paying members. The last three months of the year bring new movies from top-tier filmmakers, including the Coen brothers, Paul Greengrass and Gravity director Alfonso Cuarón, on whose Roma Netflix is pinning Oscar hopes.
Netflix is among the first of the major United States tech firms to report earnings.
"After handily blowing away Street expectations on subs in the last few years, this is a clear speed bump for Netflix as the worldwide miss was most concerning, given this is the linchpin to the core growth thesis for the coming years", GBH Insights technology analyst Daniel Ives said at the time, suggesting a "speed bump" rather than the start of a negative trend.
"We feel like we have a long, long runway ahead of us in India", said Peters.
Investors cheered the reassuring results released on Tuesday, lifting Netflix's stock by 12pc to $388 in extended trading.More news: Melania Trump Spokesperson Calls for Boycott Against Rapper T.I
"Rising interest rates could make Netflix increasingly vulnerable to higher cost of capital", CFRA research analyst Tuna Amobi said.
It looks like Netflix is about to but heads with the European Union, as the streaming service has begun calling out Europe's "content quota" plans for online video services.
Netflix said it expects operating margins at the lower end of the 10 percent to 11 percent range for the full year 2018. The company anticipates adding another 9.4 million subscribers during the fourth quarter, up 13% compared with the 8.3 million it added a year ago.
"It'll probably still be the case that they're going to stick to raising debt twice a year", he said.
Analysts estimate that it added about 676 hours of original programming in the USA in the most recent quarter - 135% more than in the same period previous year.
Total revenue rose to $4 billion, in line with analysts' expectations, from $2.98 billion a year earlier. "This year, Netflix originals led with 112 Emmy nominations spanning 40 of our shows", it added.