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Netflix Now Has 65 Million Users

Netflix broke company records and added 3.3 million new members worldwide during the second quarter, nearly twice what many Wall Street analysts had predicted. According to Netflix's earnings report, the company notes that it crossed the 65 million member mark during the quarter, with over 42 million in the US and 23 million internationally. Those are some impressive totals at a time when most traditional cable operators are slowly losing traditional video customers.

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Netflix is currently working on expanding its streaming video platform to 200 markets before the end of the year. Japan will be launched in the third quarter, with Italy, Spain, Portugal to be launched in the fourth.

"We did not add additional markets in Q2 but saw continued improvement across existing markets, including a full quarter of additions from our successful March 24, 2015 launch in Australia/New Zealand," noted the company in a letter to investors.

In a bit of good news, the company told attendees of the company's earnings call that it wouldn't be hiking service pricing in the third quarter, though that could potentially suggest that there very well may be a hike later this year. Netflix may need to walk carefully, a poll from last year noted that 50% of those surveyed would leave the service over even a $2 increase.

Of course when compared to soaring traditional cable TV prices, Netflix probably has ample wiggle room on pricing. You'll recall that many predicted doom and gloom for the company after its 2011 price hikes, which temporarily slowed subscriber growth but pretty clearly haven't hurt the company's long-term trajectory.

Most recommended from 25 comments



Trimline
Premium Member
join:2004-10-24
Windermere, FL

6 recommendations

Trimline

Premium Member

Well Worth It

We are cord cutters and use Netflix a few times a week; movies, TV and the like. Is it worth it? Heck yes! The cable companies should be worried. My tiny little Amazon FireTV unit that hardly uses any power does a far better content delivery job than that huge, hot, cable box ever did.