The video streaming service leaped 53 spots to No. 261 on this year’s Fortune 500 as revenue ballooned 32.4%, profits soared, and its market cap topped $100 billion for the first time. In its 21st year in business, Netflix had its best-ever quarter in terms of new subscribers when it added 8.33 million in Q4 for a total of 24 million new memberships for the year. That growth is being driven, in part, by hit original series like The Crown, Black Mirror, and Stranger Thing, which have cemented Netflix’s dominance in the video content space.
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News about Netflix
This is your Data Sheet newsletter for Tuesday, March 26, 2019.
But Karate Kid sequel Cobra Kai is still alive, for now.
The streaming service is going full-on Hollywood.
No original content unless customers pay extra.
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