Despite experiencing a slowdown of its growth in the U.S. market, Netflix announced that it expects to add 6.1 million new subscriptions through the first quarter of 2016 courtesy of its expansion to other countries this month.
Netflix's decision to aggressively push into international markets last quarter brought in more new signups than what the company and its investors expected, causing its shares go up by as much as seven percent.
Subscriptions to the online streaming service ballooned to 74.8 million by the end of December of 2015.
The company is now planning to bring in an additional 6.1 million subscribers through March by way of its expansion to other countries aside from China.
Netflix's projection is more optimistic compared to the estimated 4.94 million average new subscribers set by market analysts that were surveyed by FactSet StreetAccount.