Netflix is making a ton of money from its video streaming subscription service. A new report today claims that the company’s mobile apps on Android and iOS brought in more revenue combined worldwide than any other app for the first quarter of 2017. It replaced the Line messaging service for the top spot, which was number one in the fourth quarter of 2016.
Netflix is number one overall, and also number one on iOS in terms of revenue
The report comes from the research firm Sensor Tower. It claims that Netflix is number one overall, and also number one on the iOS platform in terms of revenue. However, it’s only at the number 10 slot on Android, with the Line messaging service at number one. Other apps like Google Drive and rival streaming service HBO Now are also ahead of it. That would suggest that Netflix gets much more of its mobile app revenue from Apple’s iPhone and iPad devices. Sensor Tower added that Netflix’s app revenues came in at $133 million globally for the quarter, a massive 286-percent increase compared to the $34.6 million in revenues it generated during the same period a year ago.
It’s likely that Netflix’s commitment to adding more and more original content has a huge influence on people signing up for the service and then sticking around as even more new series and movies are added. Just in the last few weeks, Netflix has added critically acclaimed shows like 13 Reasons Why and the revival of Mystery Science Theater 3000. Even shows that are not a hit with critics, such as the recent Marvel Comics-based Iron Fist, have apparently also been successful for the service.
The new report was posted just after Netflix announced its official financial reports for the quarter that ended on March 30, 2017. It said that its paid memberships worldwide went up to 98.01 million during the quarter, and added that it expects to exceed the 100 million subscriber milestone sometime this weekend (no word if that 100 millionth subscriber will get a nice bonus).