Netflix, Inc. Earnings In Line With Estimates

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Netflix, Inc. (NASDAQ:NFLX) released the results from its most recently completed quarter, posting earnings of $1.15 per share on $1.34 billion in revenue. Analysts had been expecting the video streaming company to report earnings of $1.15 per share on $1.34 billion in revenue.

Netflix updates subscriber numbers

The company said it now has more than 50 million members, beating its own guidance, in 40 different countries. It had guided for second quarter net additions of 1.46 million, thus ending the quarter with 49.81 million. Netflix reported that its domestic member base increased to over 36 million, driven by its original series Orange is the New Black and other original content. Netflix projects approximately 1.3 million net additions for the third quarter, which is comparable to the third quarter of last year.

Netflix saw growth in all international markets as well, ending the second quarter with 13.8 million international subscribers, a 38% year over year growth. In September, the company plans to launch in Austria, France, Germany, Belgium, Luxembourg and Switzerland. The video streaming provider reports that its international segment is approaching profitability, after posting $15.3 million in losses.

Netflix’s original content performs well

The company also provided updates on its new content. Orange is the New Black was the most-watched series in all of its territories. The company’s original content received a total of 31 Emmy nominations earlier this month. That’s more than double the 14 nominations they received the first year they released original content. This was the first year Orange is the New Black was eligible to be nominated, and it received 12 nods. House of Cards saw 13 nominations, compared to nine last year. The Square received four nods.

Netflix plans to show the final season of The Killing and a new adult animated comedy called BoJack Horseman. Other upcoming shows include Mission Blue, directed by Oscar-winning director Fisher Stevens. The company is also producing other original content in other countries.

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