Netflix is on pace to hit $11 billion in revenue this quarter, according to Wall Street analysts.

The streaming service has a $4.8 billion valuation, which is up from $2.6 billion in the fourth quarter of last year.

It also posted a $1.3 billion profit.

“We think this quarter was the biggest for us in history,” chief financial officer Bill Lee said in a statement.

“The company is in a strong position to continue growing revenue and profitability.”

Netflix added a $0.3 million profit on the fourth-quarter revenue of $7.3B.

Netflix is the second-largest video service in the U.S. behind Amazon.

It’s available in more than 60 countries and has more than 10 million subscribers worldwide.

Netflix had an annual revenue of about $10 billion, and its revenue is projected to increase to about $15 billion this year, the company said.

Netflix also has plans to offer live TV in new markets.

Netflix’s earnings were bolstered by strong sales of movies, including the critically acclaimed Star Wars: The Force Awakens and its sequel, Star Wars Episode VIII: The Last Jedi.

Netflix has been one of the few streaming services that hasn’t gone bankrupt.

Netflix posted $1 billion in profit on its fourth-year revenue of roughly $12 billion, up from around $1 million in the previous quarter.

Netflix said the fourth revenue period is the best it’s ever had.

“Netflix is positioned to continue to thrive and achieve profitability,” Lee said.

The company has been steadily improving its streaming service as it expands to new markets, and it’s been gaining a reputation as a leader in original content.

The latest additions to its roster include Netflix originals like Orange is the New Black, House of Cards and House of Lies.

Netflix recently added a new series called Narcos, which stars Felicity Huffman.

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