Netflix added 4.95 million new subscribers in the first quarter, 3.53 million of whom were overseas, falling short of Wall Street's expectations. The company made $2.52 billion in streaming revenue as original content continues to emerge as the most important part of its model. The streamer has the biggest original content budget ($6 billion) and most ambitious original content slate of all OTT services. This year, House of Cards was shifted to the second quarter, and Netflix expects a bump from the popular show then. In the second quarter, the company predicts 3.2 million new subscribers, with 2.6 million coming from overseas.

Source: Forbes April 17, 2017 20:38 UTC