TV streaming site Netflix has hit a $100bn market cap as it continues to attract huge numbers of subscribers, adding eight million in total, according to company figures. The company, which is owned by the Walt Disney Company, said that its total revenue for 2016 was $24.5bn, up from $25.08bn last year. Here’s the final slash line for the company’s report today: The company revealed a $39m non-cash charge in Q4 for abandoned projects, and also unveiled former Canal+ CEO Rodolphe Belmer as the latest addition to its board.
TV streaming site Netflix has hit a $100bn market cap as it continues to attract huge numbers of subscribers, adding eight million in total, according to company figures. The company, which is owned by the Walt Disney Company, said that its total revenue for 2016 was $24.5bn, up from $25.08bn last year. The company revealed a $39m non-cash charge in Q4 for abandoned projects, and also unveiled former Canal+ CEO Rodolphe Belmer as the latest addition to its board.