Netflix keeps burning cash

International subscribers boosted growth, but we still think the firm will have to spend heavily over time to fend off competition.

Neil Macker, CFA 19 October, 2018 | 5:00PM

 

 

Neil Macker: Netflix posted stronger than expected subscriber guidance in the third quarter as the company beat its own weak guidance by roughly 2 million subscribers. The company now has over 130 million subscribers globally, as it continues to expand its global subscriber base. Growth is still being driven internationally, as the company now has almost over 80 million subscribers outside of the US. 

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Netflix Inc469.96 USD-0.05

About Author

Neil Macker, CFA

Neil Macker, CFA  Neil Macker, CFA, is a senior equity analyst for Morningstar.

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