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Netflix CEO says the company will see $15 billion in revenue this year

Netflix CEO Reed Hastings suggested the company will see $15 billion in revenue in 2018, according to a check into from USA Today.

The streaming giant posted $11.7 billion in profits for 2017 and has not previously issued full-year revenue guidance for 2018.

The company had only issued advisement for operating margin, which it claims as its “primary profit metric,” prognostication an increase of 300 basis points year over year in 2018.

The society has said it will invest more heavily in content and marketing in the come up year, as it faces increasing pressure from relative newcomers in effusion, Apple, Amazon and Hulu.

Netflix is also likely to face a dispute from Disney’s forthcoming streaming service.

Read the full USA Today clock in here.

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