Netflix content spending could reach $8bn next year
TV streaming service Netflix will spend between $7bn and $8bn on original programming next year, including movies, as it seeks to stay ahead of rivals such as Hulu and Disney. In a Q3 2017 earnings announcement, Netflix revealed much of its third-quarter growth came from international markets, which made up 4.5 million of its 5.3 million additional subscribers in the period. The firm also reported revenues of $3bn, up 30% from Q3 2016, and net income of $130m, which, although short of Wall Street's predicted $143m, was far above the $52m from the same period last year.

Netflix will spend between $7 billion and $8 billion on content in 2018, up from the roughly $6 billion it will spend this year, the streaming service said while announcing its third-quarter earnings on Monday.

Netflix added 5.3 million subscribers in the quarter, surpassing expectations, and had revenue of nearly $3 billion, a 30 percent increase from the same period last year. The company also saw its net income rise to $130 million, well over last year’s third quarter total of $52 million but short of the $143 million that Wall Street expected.

In after-hours trading, Netflix’s shares inched up 1.2 percent, just days after its stock surpassed $200 for the first time.

Netflix now has 104 million paid subscribers, and saw the bulk of its third-quarter growth come from international markets, which accounted for 4.5 million of its new subscriptions.