Will Netflix Shift to Focus on Profits After Big Global Expansion
Will Netflix do as Amazon did and shift from growth to reporting some level of actual profits? Possibly.
Netflix, already in more than 60 countries after launching in Japan, Australia and Southern Europe in 2015, might be at a point where it can concentrate on harvesting.
Netflix has estimated it would add about six million accounts domestically and 11 million outside the United States in 2015, reaching 74.3 million total.
Netflix might have net income of $137 million in 2016.
Some analysts project $535 million net income in 2017 and more than a $1 billion by 2018.
Separately, Netflix now has climbed into the top ranks of spending to create original content. Netflix will spend more than CBS, Viacom, Time Warner and Fox Networks on content in 2016, according to MoffettNathanson.
Netfli also will spend more than HBO, Amazon and Hulu.