Netflix Drives Global Growth With Genuine Local Content
The video-streaming giant beat its own guidance targets in the first quarter, pointing to ultralocal content production as a key growth driver. Video-streaming veteran Netflix (NASDAQ:NFLX) reported first-quarter results on Tuesday night. The company added 9.6 million net paid accounts during the quarter, driving revenue 22% above the year-ago period's while earnings increased by 19%. Netflix's management also provided important updates on several fronts, including the company's view of new competitors. Let's have a closer look at the first quarter of 2019.