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Yoni Heisler
Guest
Thanks to a growing library of original content and a wide selection of popular TV shows and movies, Netflix's popularity continues to skyrocket across the globe. The streaming video giant released its Q4 2015 earnings results this afternoon and delighted investors with higher than anticipated earnings per share and, more importantly, impressive subscriber growth.
On the financial side, Netflix posted $1.82 billion in revenue and $43.2 million in profits. By way of contrast, Netflix during the same quarter a year-ago posted revenue of $1.48 billion and profits of $83.4 million. As for the year over year decline in profits, that can largely be attributed to licensing costs and bankrolling a growing number of original shows. In fact, Netflix earlier this week said that it plans to spend a whopping $6 billion on content in 2016 alone, a figure which far eclipses what other companies like HBO plan to spend over the next 12 months.
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Via BRG - Boy Genius Report