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Broadcasting & Cable
Broadcasting & Cable
Business
Daniel Frankel

Netflix Solidly Beats Revenue Forecasts With 17% Growth in Q2, Adds More Than 8 Million Subscribers

Bridgerton: Season 3.

Netflix reported revenue expansion of 16.8% to $9.559 billion in the second quarter, solidly beating guidance issued back in Q1 of 15.9% revenue growth.

Globally, the streaming giant expanded its user base by more than 8 million customers, with its ranks now swelling to 277.65 million paid members worldwide. Netflix added only around six million customers over the same period last year. Membership was up by 1.45 million in Netflix's biggest market, the U.S. and Canada, where account-sharing restrictions are still reshaping its market. 

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