Netflix CEO predicts $15 billion in revenue this year

03-09 03:31

Streaming giant Netflix is expecting to get even bigger this year. Netflix, which has 117 million subscribers worldwide and brought in $11 billion in revenue last year, expects to hit $15 billion in revenue this year, USA Today reports . That’s based on a prediction Netflix CEO Reed Hastings made at an event this week.

Earlier this week,Netflix announced a number of updates to make its platform more family-friendly. The move comes as Disney gears up to launch its own streaming service that won’t feature any R-rated content .

Netflix crossed $100 billion in market cap in January , when it reported its Q4 earnings. At the time of publication, Netflix was worth $137.98 billion.

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