Some good news for Netflix, with subscriber gains in the third quarter for its service hitting the company’s highest levels since it started reporting in 2007.
Among homes with Internet Netflix added more than 2.7 million members, for a third consecutive quarter and the largest quarterly increase since it started reporting last quarter.
The Netflix streaming service has been a runaway hit for the service, as it’s built a $5 billion business for the company.
That revenue is expected to increase to between $5.6 billion and $6 billion in 2017, up from $4.86 billion for the comparable period last year.
And at the same time, it’s building out the service, having added more than 30 new original series and the latest TV series, Stranger Things, which began in July.
This has been a massive year for Netflix, as it’s also added more than 100 original series, the majority of them new.
Netflix has also been adding more than 1 million new members per day.
That’s a nice bit of good news for the company, even if it doesn’t do it overnight.
To see the data in a more granular way, check out our earlier report on the third quarter here for Netflix’s subscriber gains for the US, Canada, and international markets.
And if you want to see subscriber gains and subscriber losses for other services, check out our earlier report on the previous quarter and the fourth quarter here and here.
This Netflix subscriber growth is good news, but Netflix clearly isn’t slowing down its plans for growth.
This was clearly demonstrated in the third quarter, as the company added more than 2.7 million subscribers, for the largest quarterly increase since it started reporting in 2007.
According to the company, this was a result of a combination of factors — including increases from Netflix original content, additions in new markets and the streaming of original TV series, such as Stranger Things, which it was just announced for this year.
The company also took out a significant shareholder write-down on its first-quarter results, reducing the charge by about $400 million