The company will reach that milestone this weekend if its projections are correct.
The service added nearly 5 million subscribers during the first three months of the year, and will end March with 98.7 million customers in roughly 190 countries.
THANK THE SMARTPHONE
Over the past decade, “what really did it for
About 51 million of
The understated reaction reflects Hastings' ambition to build the world's largest video channel. The company's progress toward reaching that goal has helped drive
STILL CHASING HBO
For all its success,
Other cable channels also are offering internet-only options as more viewers, especially younger people, eschew traditional TV packages and subscribe to streaming services instead.
The trend has confronted
“The model works from a consumer perspective because it is such a good value,” Pachter said.
But Pachter and other analysts wonder how long
As it is,
But if it wants to keep investors happy, the company will eventually have to improve its relatively low profit margin. The
A costly international expansion has depressed