Despite the fact that Netflix’s net subscriber additions
dropped to the lowest level in three years, the market leader in video streaming passed a major milestone in the past quarter: 150 million paid subscribers.
Wall Street closely watches Netflix's subscriber growth because the company's huge investments in content
, both licensed and self-produced, will only pay off in the long run if its global subscriber base reaches a certain size.
The following chart shows Netflix's subscriber growth since 2012, nicely illustrating that its international expansion has been a major growth driver in recent years.