Netflix has thanked continued geographical expansion and a growing list of original content for another stellar quarter of growth.
Revenues rose 32.6 percent year-on-year to $3.29 billion in the three months to 31 December as it added 8.3 million customers.
This is more than the 6.3 million new subscribers it had forecast and represented the company’s best ever quarterly performance.
Sales in the US rose from $1.4 billion to $1.63 billion, while international revenues jumped from $948 million to $1.55 billion.
After making a loss of $67 million 12 months ago, the company made a profit of $135 million outside of its home market.
Across the board, Netflix’s net income rose from $67 million to $186 million.
In a letter to shareholders, Netflix said: “We had a beautiful Q4, completing a great year as internet TV expands globally.
“In 2017, we grew streaming revenue 36 percent to over $11 billion, added 24 million new memberships (compared to 19 million in 2016), achieved for the first time a full-year positive international contribution profit, and more than doubled global operating income.”
CCS Insight analyst Paolo Pescatore said the results represented “another phenomenal quarter of subscriber growth” for the company.
He added: “To date, Netflix has set the benchmark and gained a far better understanding of consumers' behaviour and attitudes to video content, but it should not rest on its laurels.
“This will force the company to continue to innovate and rely more than ever on its extensive relationships with cable and telecom operators.”
Meanwhile, Netflix said Rodolphe Belmer, CEO of satellite operator Eutelsat, had joined its board of directors.
“A large and growing percentage of our members are European, and we are fortunate to have a leader like Rodolphe join our board,” Netflix said.