Media

Netflix waves to HBO as it inches past in quarterly revenue

Above: The new Netflix logo

Image Credit: Logo via Netflix, background by Eric Blattberg

When the history of video programmers is written, today may be a key date.

It’s the day when Netflix CEO and founder Reed Hastings posted on Facebook that his company squeaked past the legendary HBO in subscription revenue.

Netflix's Reed Hastings tweaks HBO on Facebook

Above: Netflix’s Reed Hastings tweaks HBO on Facebook

Image Credit: Facebook

The current tally: Netflix’s $1.146 billion to HBO’s $1.141 billion, as Netflix was boosted by its increase in non-U.S. subscribers.

Of course, there are a few mitigating factors.

“They still kick our ass in profits and Emmy’s, but we are making progress,” Hastings acknowledges.

More specifically, that’s over half a billion dollars in profit last quarter for HBO, versus Netflix’s slightly more than $70 million.

The “Silicon Valley” reference in Hastings’ post is the HBO comedy series of that name, which skewered the physical and cultural landscape where Netflix lives.

Netflix is the poster child for the “over-the-top” or web-based video providers, while HBO is the poster child for the Pay TV establishment. Still, the two are becoming more alike as Netflix produces more and more original programming and HBO looks for more ways to distribute its content online.

As Netflix head of content Ted Sarandos once quipped, “The goal is to become HBO faster than HBO can become us.”

More information:

With more than 25 million members in the United States, Canada and Latin America, Netflix, Inc. [Nasdaq: NFLX] is the world's leading Internet subscription service for enjoying movies and TV shows. For US$7.99 a month, Netflix members ... read more »

Home Box Office (HBO) is an American premium cable and satellite television network that is owned by Time Warner, under the operating subsidiary Home Box Office Inc. HBO's programming consists primarily of theatrically released motion ... read more »

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11 comments
Paul Vance
Paul Vance

how about this for a headline "Original Content really is King as Netflix & HBO tie in subscription revenues" ...see how I put a focus on "original content" instead of being super generalizing and inaccurate ...you just got schooled

Timothy Green
Timothy Green

Hey Reed don't you mean HBO SUCKS! Fed up with their outdated wire route bull$hit company structure. Doesn't issue how excellent their material is if I cant get it the way I want it. Blockbuster online provides me value, HBO does not.

Spybubble gratis 

Ric Sansand
Ric Sansand

Hey Reed dont you mean HBO SUCKS! Tired of their obsolete cable channel bull$hit business model. Doesnt matter how good their content is if I cant get it the way I want it. Netflix offers me value, HBO does not.

Drew Hendricks
Drew Hendricks

Now HBO just needs to set it up so I can have HBO Go on it's own without a cable subscription then it would be a real competition.

Cliff R
Cliff R

I think it's a fair comparison. They both create content, both distribute content created by others, and both stream (if your cable provider has agreements with them). Difference being one tied to cable companies.

Aron Filbert
Aron Filbert

This is a good proof of how consumers would like to access content (i.e anytime from virtually anywhere with an Internet connection).

Eshaan Sharma
Eshaan Sharma

I guess they're comparing them because both HBO and Netflix at the end of the day are platforms on which customers watch content.

Paul Vance
Paul Vance

Hbo is a content company ,while Netflix is a streaming company that dabbles in content... Why are you comparing them ! ? Lame reporting