Netflix Passes 50M Subscribers As It Reports Better Than Expected Q2 Revenue Of $1.34B


This afternoon following the closing bell, Netflix announced the financial results of its second quarter, including revenue of $1.34 billion and earnings per share of $1.15. Analysts had expected Netflix to report $1.33 billion in revenue and $1.16 per share in earnings.

The company, which traded up around 1.7% during regular trading in a down market, is up around 1% after-hours following its mixed earnings report. Netflix’s year-ago second quarter in 2013 was disappointing, with top-line of $1.07 billion and earnings per share of $0.49.

In its most recent three-quarter period, Netflix saw its total subscriber base grow by 1.69 million to 50.05 million. Its domestic subscriber base grew 570,000, to 36.24 million. Its international subscriber base grew 1.12 million, to 13.8 million. The company had predicted that it would add 1.46 million new subscribers in the period, ending at an estimated total of 49.81 million. It beat that forecast.

In its sequentially preceding…

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