Netflix signed up 7.1 million new subscribers globally, far more than the 5.2 million analysts had expected, according to research firm FactSet, beating targets at home and abroad even as it raised prices. Original shows like "Marvel's Luke Cage" and British drama "The Crown" performed strongly around the world, Netflix said, noting that competitors were adapting to compete. The company said it expected to add 1.50 million subscribers in the United States in the current quarter, fewer than the FactSet estimate of 1.79 million. In international markets, Netflix said it expected to add 3.70 million subscribers, above the average estimate of 3.05 million. Netflix projected negative free cash flow of about $2 billion in 2017, up from negative $1.7 billion in 2016.

Source: Standard Digital January 19, 2017 05:48 UTC