The Los Gatos, CA-based company ended the 2016 second quarter with 83.2 million streaming subscribers, including almost 3.3 million members using free trials, Investor's Business Daily reported.
"By 2018, international subscribers will overtake the number of subscribers in the U.S. for the first time, and by 2020, Netflix will have 75 million international subscribers," IHS wrote in a report yesterday.
The number of Netflix paying subscribers abroad will grow 38% this year, with more than 2.8 million of new paying subscribers coming from new markets that the company launched at the beginning of this year, the firm added.
By 2020, Netflix global revenues are expected to reach $13 billion, with 53% from the company's international markets, IHS predicts.
Additionally, domestic streaming revenues are expected to reach $6.2 billion by 2020 and international revenues will hit $7 billion, according to the firm.
Shares of Netflix closed higher on Tuesday.
Separately, TheStreet Ratings Team has a "Hold" rating with a score of C+ on the stock.
The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and largely solid financial position with reasonable debt levels by most measures.
But the team also finds weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and weak operating cash flow.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: NFLX