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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The show was the hit Netflix needed as it transitioned from licensed to original programming.
Netflix Inc. is growing faster than even its most bullish fans on Wall Street predicted.
The performance stands in stark contrast to Netflix' earnings report three months ago.
You should probably circle Tuesday 4:05 p.m. in your calendar for what’s likely to be the most crucial company-specific catalyst of the week.