Technology Stocks : Netflix (NFLX)
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To: Glenn Petersen who wrote (1552)5/31/2017 10:39:56 PM
From: Sr K   of 1723
Reed said in the Q1 Interview (Monday, April 17) that they expected to cross 100 million subscribers within a few days, probably the next weekend (April 22).

The transcript is on their site, here's a question on page 2 and Reed's answer:

Douglas David Mitchelson - UBS Investment Bank, Research Division - MD and Equity Research Analyst, Media

And Reed, I probably want to turn to you at a high level. I think you mentioned in the letter you're about to cross the 100 million subscriber mark, you're about a decade into this. And I think in the last quarter's letter, you talked about the next 10 years being tumultuous. And I was hoping you talk a little bit about what you meant by using that word in particular? And what are the challenges and opportunities as you look out over the next decade and target that next 100 million subscribers?

Reed Hastings - Netflix, Inc. - Founder, Chairman of the Board, CEO and President

Well, I'm -- we're super excited, expecting to cross 100 million this weekend. That's a big accomplishment. But it's really just the beginning. When you look at YouTube having 1 billion active users and 1 billion hours every day, when you look at Facebook's multi-billion numbers, we see that the Internet is just a phenomenal opportunity. You know, of course, we're a pay service, not ad supported. We're not as deep in international as those companies. But we definitely see a big opportunity around the world to just continue to do what we've been doing, which is make fantastic content, get people really excited about that content, and then we're just continuing to grow.
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