Netflix sets sights on 100m subscribers

netflixNetflix will hit 100m subscribers “some time next year”, according to chief executive Reed Hastings, after the digital home of Daredevil and Orange is the New Black reported its best ever quarter, aided by expansion into 130 new markets.

However, the company’s shares fell almost 10 per cent in after-market trading after Mr Hastings warned in an investor letter that international growth would slow in the second quarter because of a “tough comparison” with the same period in 2015, when Netflix launched in Australia and New Zealand.

For the full story read FT.Com and The Guardian