• Netflix surges on strong subscriber growth

    6 days ago - By CNN


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  • Netflix added 5.2 million subscribers in Q2 2017, greatly exceeding expectations

    Netflix added 5.2 million subscribers in Q2 2017, greatly exceeding expectations

    6 days ago - By MobileSyrup

    While the second quarter of previous years has typically been known for slower subscription growth, Netflix seems to have finally bucked the trend. The media streaming giant has announced that it has wildly surpassed expectations by adding 5.2 million subscribers in Q2 2017 - 1.07 million in the U.S. and 4.14 million overseas. For context, Wall Street analysts had expected Netflix to add around 3.2 million streaming customers in this period, which fell in line with Netflix's own projections as part of its results from the previous quarter. Netflix shares jumped more than 10 percent...
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  • Netflix blows past 100 million subscribers

    Netflix blows past 100 million subscribers

    6 days ago - By Engadget

    A year after subscriber growth slowed due to price hikes, Netflix says it added more US customers in the last quarter than it has since 2011. The company is now up to 103.95 million subscribers worldwide, up 5.2 million from last count. The com...
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  • Netflix soars past growth targets with over 5 million new subscribers- and the stock just hit an all-time high

    Netflix soars past growth targets with over 5 million new subscribers- and the stock just hit an all-time high

    6 days ago - By Business Insider

    After missing subscriber growth targets last quarter , Netflix soared past them in Q2, both on the domestic and international fronts.
    Netflix added a whopping 5.2 million total subscribers, versus the company forecast of 3.2 million. Netflix's Q2 revenue and EPS were roughly in line with what Wall Street was expecting.
    Netflix rose 8% in the immediate aftermath of its earnings report, hitting an all-time high in after-hours trading.
    What caused Netflix's growth to surge?
    "In Q2, we underestimated the popularity of our strong slate of content which led to higher-than-expected acquisition...
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  • Netflix's subscribers are surging as it blows away Wall Street's expectations

    Netflix's subscribers are surging as it blows away Wall Street's expectations

    6 days ago - By TechCrunch

    For the second quarter in a row, Netflix has handily beaten industry watchers - and its own expectations - in adding a mountain of additional new subscribers. Netflix today said it added 5.2 million additional new subscribers this quarter, a number well above the 3.2 million new subscriber additions that it set itself - and the stock promptly jumped nearly 9 percent.
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  • Netflix's subscriber growth beats on new shows

    6 days ago - By Reuters

    Netflix Inc added more U.S. and international subscribers than expected in the second quarter as new original shows such as "13 Reasons Why" as well as the latest season of hit political drama "House of Cards" helped attract more viewers.
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  • Netflix posts strong earnings and takes aim at traditional movie theaters

    Netflix posts strong earnings and takes aim at traditional movie theaters

    6 days ago - By The Verge

    Just a few days after it announced its first quarter earnings, Netflix broke the news that it had reached 100 million subscribers. That gives it far and away the largest subscriber base of any global streaming service. But it's still a touch behind HBO, which has just a few million streaming subscribers, but over 130 million total subscribers when you count its pay TV service.
    All those paying customers have boosted Netflix revenue to new heights. Today the company announced it made $2.785 billion in revenue for the second quarter of 2017. And it turned a tidy profit, reporting $66 million...
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