Considering "Netflix and chill" has entered the American lexicon as a favorite hobby of many, it should come as no surprise that the company is doing very well. Netflix's last quarter earnings were released and they earned the biggest growth in the streaming services' 19-year history.
Although many may think this should come as no surprise, even Wall Street could not predict the massive growth and success that Netflix has witnessed in the last quarter. According to an article released by Business Insider, Netflix has surpassed Wall Street projections with stock value, revenue and both international and domestic subscriber growth.
"Netflix is basically winning it all" television analyst Tony Gunnarsson said in an article on wired.com. He went on to say that “At the point when Netflix is no longer growing as fast on the whole, it will have become one of the biggest entertainment companies in the world. It will have severely disrupted and changed TV and film forever.”
One of the ways in which Netflix has been able to do this is through it's original programming. Shows like House of Cards, Orange is the New Black and Luke Cage have transformed Netflix from a streaming service, to the new face of television. Five out of the 10 most searched for shows in 2016 were Netflix originals. This year, the company will expand their spending on original content to provide over 1,000 hours of original content.
All in all, fans can look forward to this company only getting bigger and bigger, as it looks like it is here to thrive for many years to come.