Netflix just released its Q1 earnings, and announced that it has achieved some new milestones. For one, it surpassed 40 million members in the U.S., as well as 20 million internationally, and 60 million total. Member engagement is at an all-time high, the company said, with members streaming 10 billion hours in Q1.
Here’s a look at the financials:
In Q1 alone, Netflix added 4.9 million members globally, which is significantly higher than the 4.1 million it projected. The company says retention also continued to improve. That’s no surprise, considering that Netflix has been rated the highest for the online video streaming category in terms of brand loyalty. Netflix will be focusing more of its marketing budget on international growth in Q2, so expect international numbers to look even more impressive on the next report. Of course international expansion continues as well. The service just launched in Australia and New Zealand less than a month ago, and Netflix expects to have its worldwide roll-out complete by 2017.
A Japan launch is slated for later this year in addition to other markets.The company expects net adds to increase by 70% in Q2 compared to last year.
Here’s what CEO Reed Hastings and CFO David Wells told shareholders about its content in a letter:
Our original content strategy is playing out as we hoped, driving lots of viewing in an economic way for Netflix while bolstering the positive perception of our brand and service around the world.
House of Cards, in its third season, had its biggest launch yet in terms of viewers. Unbreakable Kimmy Schmidt, Tina Fey’s return to television, has been a hit, winning Rotten Tomatoes scores of 90%+ from both critics and viewers and our drama thriller, Bloodline starring Kyle Chandler, Ben Mendelsohn and Sissy Spacek, is performing on par with the first seasons of our other big drama shows. During the quarter, we announced new seasons for all three shows, as well as three new Netflix original films, PeeWee’s Big Holiday from Judd Apatow and Paul Reubens, Jadotville, from Irish director Richie Smyth and starring Jamie Dornan, and Beasts of No Nation from director Cary Fukunaga and starring Idris Elba. Beasts will premiere on Netflix later this year.
We are delighted by the fan excitement and critical response around last Friday’s launch of Marvel’s Daredevil, the first of four series and a mini-series from our deal with Marvel Entertainment. The current quarter will also see the debut of Grace and Frankie starring legendary comedians Jane Fonda and Lily Tomlin, Sense8, an unbelievably cinematic and entertaining global dramatic thriller from the Wachowski siblings, and the third season of our groundbreaking Orange is The New Black.
Netflix also shared an updated look at its slate of original content for the foreseeable future. Here’s what that looks like:
April 17 Chris D’Elia: Incorrigible Stand-Up Comedy Special Global Original April 26 Chef’s Table Docu-Series Global Original May 8 Grace and Frankie Series Global Original May 21 Between (All territories except Canada) Series Global Original May 22 Jen Kirkman: I’m Gonna Die Alone (And I Feel Fine) Stand-Up Comedy Special Global Original May 22 The Other One: The Long, Strange Trip of Bob Weir Documentary Global Original June 5 Sense8 — Available in Ultra HD 4K Series Global Original June 12 Orange is the New Black – Season 3 Series Global Original June 26 What Happened, Miss Simone? Documentary Global Original Q3 2015 July 10 Chris Tucker Live Stand-Up Comedy Series Global Original July 17 Wet Hot American Summer Series Global Original August 28 Crouching Tiger: The Green Destiny — Available in Ultra HD 4K Film Global Original Coming Up in 2015 & 2016 — Beasts of No Nation Film Global Original 2015 BoJack Horseman – Season 2 Series Global Original 2016 Bottersnikes & Grumbles (All territories except UK and Australia) Kids Global Original 2016 Care Bears and Cousins (All territories except France and Germany) Kids Global Original 2015 Chelsea Handler Docu-Comedy Specials Comedy Doc Special Global Original 2016 Chelsea Handler Talk Show — Global Original 2015 Club de Cuervos Series Global Original 2016 The Crown Series Global Original 2016 Danger Mouse (All territories except Germany, France, UK and Ireland) Kids Global Original 2015 Dinotrux Kids Global Original 2015 Dragons Kids Global Original 2015 Ever After High Kids Global Original 2015 F is for Family Series Global Original 2015 Fargo – Season 2 (France, Germany, Austria, Switzerland & Benelux only) Series First Run Non-US 2016 Flaked Series Global Original 2015 From Dusk Till Dawn – Season 2 (All non-US territories) Series First Run Non-US 2015 Hemlock Grove – Season 3 Series Global Original 2016 Jadotville Film Global Original 2016 Justin Time: The New Adventures Kids Global Original 2015 Knights of Sidonia – Season 2 Anime Series Global Original 2016 KONG – KING OF THE APES Kids Global Original — Lemony Snicket’s A Series of Unfortunate Events Series Global Original 2015 Longmire – Season 4 (US & Canada only) Series Global Original 2016 Love Series Global Original 2016 The Magic School Bus Kids Global Original — Marco Polo – Season 2 — Available in Ultra HD 4K Series Global Original 2015 Marseille Series Global Original 2015/2016 Marvel’s A.K.A. Jessica Jones — Available in Ultra HD 4K Series Global Original 2016 Montauk Kids Global Original 2015 Narcos — Available in Ultra HD 4K Series Global Original 2016 The OA Series Global Original — Peaky Blinders – Season 3 (US only) Series Global Original 2015 Penny Dreadful – Season 2 (France, Germany, Austria, Switzerland & Benelux only) Series First Run Non-US 2015 Pompidou Series Global Original 2015 Popples (All territories except France) Kids Global Original 2015 Some Assembly Required (All territories except Canada) Kids Global Original 2016 Special Correspondents Series Global Original 2015 Super 4 Kids Global Original 2015 Trailer Park Boys – Season 9 Series Global Original 2015 What Happened, Miss Simone? Documentary Global Original 2015 With Bob and David Series Global Original 2016 Winx Club WOW: World of Winx Kids Global Original Hastings and Wells also noted that they plan to roll out a new TV user interface in the second half of this year, which will see video playback “forward into the browse experience.”
They’re also working on ways to better promote Netflix originals to subscribers using data to identify those that would most likely be interested in specific titles.
Netflix is also working on adding more subtitles and UI languages for content.
The letter to shareholders mentioned HBO’s new HBO Now service, saying they think both services will continue to be successful, and that they’re not substitutes for one another. On another competitive note, the company says it views Internet MVPD offerings like the rumored Apple offering, Sony’s Playstation Vue and Dish’s Sling TV as more competitive to the current pay TV bundle than to Netflix. It adds that piracy remains a “considerable long-term threat, mostly outside the U.S.”
In case you’re wondering about the DVD service, it still has over 5.5 million members, which the company considers a “core user base” that continues to rely on it for new release movies and TV shows, as well as its broad selection of titles. On the last earnings report, it had 5.8 million DVD subscribers.
Image via Twitter
Here's What The Netflix Original Content Schedule Looks Like Right Now
People involved | Time:2025-05-19 16:06:52
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