Like viewers of The Crown, Narcos and all the best TV box-sets, investors in Netflix just can’t get enough. Every new instalment of the company’s quarterly results is savoured and pored over by shareholders like screen addicts awaiting the next cliffhanger ending.
In this week’s episode, there was no shortage of excitement. In fact, Netflix blew out the lights, revealing a 40 per cent surge in revenues to $3.7 billion in the three months to March. That was the fastest quarterly year-on-year increase since the streaming service was launched.
With 125 million customers worldwide, including nearly 57 million in the United States, net income also rose by 63 per cent to $290 million as faster than expected growth in subscriber numbers and an increase