Netflix's Value Tops $100 Billion, Matching Goldman Sachs

Video service beats estimates, issues upbeat quarterly outlook
Executive say heavy spending on shows, movies to continue

Bloomberg Intelligence’s Paul Sweeney reports on Netflix’s fourth quarter performance.(Source: Bloomberg)

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By Lucas Shaw

January 22, 2018 at 9:10 PM UTC

Updated on

January 23, 2018 at 2:53 PM UTC

This article is for subscribers only.

Netflix Inc. surged after a blow-out quarter, vaulting past $100 billion in market value for the first time to put the video service on a lofty perch with the likes of Goldman Sachs Group Inc. and Qualcomm Inc.

The world’s largest online TV network late Monday reported its strongest year of subscriber growth to date. Netflix added 24 million customers in 2017, bringing its global total to 117.6 million. For the final three months of the year, the Los Gatos, California-based company crushed Wall Street estimates and suggested it will continue to do so in 2018.