In regards to revenue, Netflix's $11.7 billion in 2017 is a far cry from Disney's $55.1 billion and Comcast's $84.5 billion and remains well below fellow 'FAANG' (Facebook, Apple, Amazon, Netflix, Google) stocks. Facebook, Apple, Amazon, and Google's revenue in 2017 was $538 billion, $925 billion, $778 billion and $750 billion respectively.
Netflix's Q1 revenue was reportedly $3.7 billion and net income was $290 million, up 40% and 63% respectively from last year. The company will continue its bet on original content as it focuses 85% of new spending on original programming. Netflix is expected to spend more than $8 billion on content in 2018 and contain close to 1,000 original specials, movies, TV shows and other programming on its platform by the end of the year.
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