We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Netflix to See Robust International Growth Per IHS Report
Read MoreHide Full Article
Netflix, Inc.(NFLX - Free Report) is apparently poised to gain significantly from its rapid international expansion. A report from data analytics firm, IHS Markit Ltd. predicts that by 2018, the video streaming giant’s international subscribers will outpace the number of domestic subscribers. Total subscribers are projected to cross the 100 million mark.
The report stated “By 2018, international subscribers will overtake the number of subscribers in the US for the first time, and by 2020, Netflix will have 75 million international subscribers.” This is in comparison to the company’s current subscriber base of 79.9 million.
The analyst further projected that Netflix will be raking in $13 billion in global revenues by 2020. Of this, the International markets will account for nearly 53% with approximately $7 billion in revenues. On the other hand, Netflix will generate about $6.2 billion from the U.S..
International expansion has been Netflix’s priority for some time now as it battles slowing domestic subscriber growth. At CES 2016, the company announced the launch of its services in 130 countries simultaneously, thus taking its total presence to 190 countries worldwide. The IHS report forecasts that as a result of this expansion, the company will add 2.8 million new subscribers, leading to a 38% rise in the number of international subscribers in 2016.
Netflix is also planning on localization and development of new territories, beginning with Poland and Turkey in 2016. The IHS analyst expects these new territories to result in subscriber growth of 133% and 62% in 2017 and 2018, respectively.
However, this Zacks Rank #3 (Hold) company will have to fend off stiff competition from the likes of Alphabet’s Google (GOOGL - Free Report) , Amazon (AMZN - Free Report) , Hulu and others. In addition, it has not been able to break through the China Wall owing to stringent regulations, which have proved to be an impediment.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Netflix to See Robust International Growth Per IHS Report
Netflix, Inc.(NFLX - Free Report) is apparently poised to gain significantly from its rapid international expansion. A report from data analytics firm, IHS Markit Ltd. predicts that by 2018, the video streaming giant’s international subscribers will outpace the number of domestic subscribers. Total subscribers are projected to cross the 100 million mark.
The report stated “By 2018, international subscribers will overtake the number of subscribers in the US for the first time, and by 2020, Netflix will have 75 million international subscribers.” This is in comparison to the company’s current subscriber base of 79.9 million.
The analyst further projected that Netflix will be raking in $13 billion in global revenues by 2020. Of this, the International markets will account for nearly 53% with approximately $7 billion in revenues. On the other hand, Netflix will generate about $6.2 billion from the U.S..
International expansion has been Netflix’s priority for some time now as it battles slowing domestic subscriber growth. At CES 2016, the company announced the launch of its services in 130 countries simultaneously, thus taking its total presence to 190 countries worldwide. The IHS report forecasts that as a result of this expansion, the company will add 2.8 million new subscribers, leading to a 38% rise in the number of international subscribers in 2016.
Netflix is also planning on localization and development of new territories, beginning with Poland and Turkey in 2016. The IHS analyst expects these new territories to result in subscriber growth of 133% and 62% in 2017 and 2018, respectively.
However, this Zacks Rank #3 (Hold) company will have to fend off stiff competition from the likes of Alphabet’s Google (GOOGL - Free Report) , Amazon (AMZN - Free Report) , Hulu and others. In addition, it has not been able to break through the China Wall owing to stringent regulations, which have proved to be an impediment.
NETFLIX INC Price and Consensus
NETFLIX INC Price and Consensus | NETFLIX INC Quote
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>