Netflix passes HBO in subscriber revenue
Which team are you on: Netflix or HBO? No, it’s not so much a direct competition—but that doesn’t make it any less impressive that Netflix, which was founded in 1997, just passed HBO, founded in 1972, in subscriber revenue in the last quarter.
Netflix CEO Reed Hastings took to Facebook to share what he called the “minor milestone.” According to Hastings, Netflix earned $1.146 billion in subscriber revenue in the last quarter, where HBO only took in $1.141 billion. As Hastings put it, “They still kick our ass in profits and Emmys, but we are making progress. HBO rocks, and we are honored to be in the same league.”
Netflix, of course, is home to hit original shows Orange Is the New Black and House of Cards, while HBO houses more shows, including Game of Thrones, Girls, True Detective, and Silicon Valley, which even Hastings admits to loving. But with more original programming in the works, including Daredevil, it seems safe to say that Netflix won’t go away anytime soon.