Netflix is making shedloads of cash

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Netflix is making shedloads of cash

It's no secret that Netflix is doing pretty well these days, with the video streaming service becoming a household name thanks chiefly to it's impressive lineup of original content.

And that is clearly paying dividends as the company has just revealed its third quarter earnings for 2016, and they're seriously record-breaking. Netflix took in $2.15 billion in revenue and added on more than three and a half million new subscribers. That's a big leap from the same period last year.

One of the main reasons was around original content, with a lot of attention paid to the launch of Stranger Things. New customers are signing up just to sample these kinds of shows, and that is precisely what's going to push Netflix forward in the future.

Eventually, the aim is to have primarily Netflix-owned content on the service which will provide them with a more concentrated revenue stream- they won't have to share with other creators - but it might also drive customers away if their favourite shows and movies aren't available.



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