The online TV and film streaming service will unveil its results on Wednesday, which are expected to say that its revenues grew 30.1 per cent over the course of 2016 to $8.8billion.
Analysts and investors will be focused on how successful Netflix has been at attracting new subscribers and how soon chief executive Reed Hastings believes that the firm will achieve 100million users worldwide.
Netflix internal projections have it adding 1.45million new users in the US and 3.75million from other countries during the fourth quarter, to swell its subscriber base to 91.9million.
Netflix’s profitability is also believed to have benefitted from the end of a two-year grace period during the third quarter where long-term subscribers were shielded from price increases that were introduced in 2014.
Netflix first started producing its own content in 2013 and has won plaudits for the quality of shows such as House Of Cards, Orange Is The New Black and Narcos.
This year it plans to release over 1,000 hours of original content, up from 600 hours in 2016.
Microsoft learns from experience
Technology giant Microsoft is looking to open dedicated stores in UK shopping malls and Central London, sources say.
The stores would be similar to those run by rival Apple and provide shoppers with “experiences”.
People would be able to buy the latest Xbox machines, games and accessories, laptops, tablet computers, software, watches and other gadgets for the home and workplace.
It has 104 stores across the US and Canada, plus one in Puerto Rico and one in Sydney, which was opened in November 2015.
Microsoft has already held talks with shopping malls giant Intu Properties about locating in its sites, which include Lakeside in Essex, the Trafford Centre in Manchester, the Metrocentre in Gateshead.
Aside from Microsoft, Intu has held discussions with Unilever about offering new retail experiences based on its brands to shoppers. At Lakeside, Unilever has a Dove-branded spa.
Asda slump forces staff cut back
Asda’s American owner Walmart is set to cut hundreds of jobs at its headquarters and regional offices.
The retail giant is reportedly slashing its human resources department at its Bentonville, Arkansas head office and regional centres, in a bid to reduce costs and protect profitability.
The cuts will be made before its January 31 financial year end.
Profits are under pressure because of wage increases in the US and its heavy investment in its online operations as it tries to compete better with the likes of Amazon.
In the UK, Asda has lost out to a resurgent Tesco and Morrisons, a resilient Sainsbury’s and the growth of Aldi and Lidl.
Kantar Worldpanel said Asda was the worst performing of the major grocers in the 12 weeks to January 1.