Original Programing Helps Netfilx Top 65 Million Subscribers
Netflix packed on 3.3 million new members worldwide in the second quarter of 2015 — a company record for the historically weak period — and beat Wall Street earnings estimates.
The company’s net gain of 3.3 million streaming members, bringing it to total of 65.6 million, was nearly double the 1.7 million net adds in the year-ago quarter. Netflix had forecast 2.5 million new subs for Q2 2015 (600,000 in the U.S. and 1.9 million overseas); it reported 900,000 domestic and 2.37 million international net adds for the quarter.
In a letter to shareholders, CEO Reed Hastings and CFO David Wells said the higher-than-expected subscriber gains were “fueled by the growing strength of our original programming slate.” During the quarter, Netflix premiered the first seasons of “Marvel’s Daredevil,” “Sense8″ from the Wachowski siblings, DreamWorks Animation’s “Dragons: Race to the Edge” and “Grace and Frankie,” as well as season three of “Orange Is the New Black.”
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