It further stated that the revenue grew at the fastest pace in the history of its streaming business due to a 25% increase in average paid streaming memberships and a 14% rise in average selling price (ASP). It is targeting a full year operating margin of 10%-11%.
"We strive to entertain and to bring joy to people across the world through fantastic stories", it read.
Nothing else matters at Netflix other than this streaming subscriber number.
The streaming service added 7.41 million new subscribers in its first quarter, a 50% gain over the year prior, beating the company's forecast of 6.35 million.
Netflix has raised its subscription fees as it expands globally to almost 200 markets and invests heavily in original programming.
Revenue rose 43% in the three months to March to $3.7bn (£2.6bn).
Raising prices enabled Netflix to boost sales 40% last quarter and quiet investors who fret about all the money the company spends on original series and movies. "Additionally, Spanish language heist thriller 'La Casa de Papel" became the most watched non-English series on Netflix ever during the period.
In other Netflix news, insider Gregory K. Peters sold 8,358 shares of the firm's stock in a transaction on Tuesday, January 23rd.
"We're investing in more marketing of new original titles to create more density of viewing and conversation around each title", the company said. Also last month, the board of the prestigious Cannes film festival banned Netflix films from award competition, prompting Netflix to pull out of screening at the festival at all.
That was one of the takeaways from Netflix's first-quarter 2018 "earnings interview" - a pre-recorded video equivalent of the traditional company earnings call - in which CEO Reed Hastings fielded a broader question about whether he thinks Netflix will be affected by government concerns around data privacy. "Topical interview shows, absolutely, but keep in mind, those are entertainment".
However, it faces growing competition as technology companies such as Apple and Amazon pour money into premium programming, worldwide rivals jump into streaming, and traditional media companies pursue digital customers. However, Pachter has yet to see proof that Netflix is able to achieve positive free cash flow- and until he does, his bearish recommendation in a nutshell is to take the gamble elsewhere: "we advise investors to seek more compelling investment opportunities".
Wang and Sarandos were mum on a pair of recent reports that Netflix was circling potential acquisition targets including EuropaCorp, Luc Besson's film studio, and Los Angeles-based billboard company Regency Outdoor Advertising.
Netflix said on Monday the bundles allow the company to upsell existing subscribers.
Don't call Netflix (NFLX) a tech company. "Defining distribution by what room you see it in is not the business we want to be in", he said, according to GameSpot sister site CNET. With Latest down move, stock price showed -7.84% negative in value from one year high price and revealed 121.97% upward in value from its one year low price.