That brings Netflix total spending on content up to $12 billion far more than Amazon, Hulu, or even HBO is spending right now.
Netflix is behind shows such as The Crown and Orange Is The New Black. "That's a really good number for a market that's this mature".
KeyBanc Capital Markets' Andy Hargreaves lowered his rating for Netflix shares to Sector Weight from Overweight, citing concerns over the company's long-term profitability.
Jim Nail, analyst at Forrester Research, said the latest figures suggested that the second quarter result had been an "aberration, likely the results of a somewhat low volume of new content".
Netflix will then segue to a raft of high-end film offerings that spell its most serious push into Hollywood's competitive Oscar season.
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We hope you enjoy our "Pink Paper" edition and its inspirational stories. "I get to remind them what they're fighting for", he said.
Most of the analysts with a bullish stance raised their share price targets as the 21-year-old company soothed doubts about its global prospects after issuing an upbeat outlook for the current three months with plans to add a record number of customers this year. Sales growth has accelerated in recent years, jumping to 32% growth last year from 23% in 2015.
Netflix seems to have found its long-form goldmine: The streaming service disclosed as part of its Q3 earnings report Tuesday that more than 80 million of its subscribers from around the world watched one of its "Summer of Love" rom-coms over the past few months.
Total revenue rose to $4 billion, in line with analysts' expectations, from $2.98 billion a year earlier. While the company reports a net profit, it spends more than it takes in and borrows frequently to finance its programming budget.
"Our broad slate of original programming helped drive a solid quarter of growth", Netflix said in a letter to shareholders.
Media companies that once sold programs to Netflix for hundreds of millions of dollars are now building their own on-demand services to compete head on.
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Klein spoke exclusively with PIX11 outside her home where she says she's been harassed after the video went viral. The 53-year-old woman can also be seen in the video yelling at another white woman who tried to intervene.
On October 10, WarnerMedia announced it is entering into the streaming game with a direct-to-consumer streaming service set to launch at the end of next year.
After a stumble with its previous results, the world's largest paid online TV network added far more subscribers than analysts expected in the third quarter.
That suggests Netflix may have to issue more debt to fund its ambitious plans around original content and worldwide expansion.
"My competitors have Netflix turning cash flow positive in two years, that's just insane - it's not going to happen", Wedbush technology analyst Michael Pachter said on Yahoo Finance's "Midday Movers' show".
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He made a lot of big ones - the one at the end to Tyreek (Hill ) was a great throw, and he had some other great throws. Hill was responsible for 142 of those yards, finding the end zone a career-high three times through the air.