Netflix has hit yet another subscriber milestone. The streaming subscription platform announced it now boasts a whopping 65.6 million total subscribers across the world, a 3.3 million increase since Q1’s report.
Netflix had estimated it would add 2.5 million more subscribers in Q2 of 2015, so it beat its projection by 0.8 million subscribers. The 3.3 million new subscribers was also almost double the amount of new subscribers (1.7 million) the streaming platform earned in the same quarter in 2014.
In a shareholder letter reported by Variety, Netflix CEO Reed Hastings and CFO David Wells credited Netflix’s subscriber growth in Q2 2015 to the service’s growing original content library and subscribers’ increased interest in the programming. Original shows such as Daredevil and season three of Orange Is the New Black, which were introduced to the streaming platform in the last quarter, helped fuel Netflix’s subscriber count.
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Hastings and Wells also said in the letter “another indicator that we are on the right path” was the fact that almost 90% of Netflix subscribers have watched the platform’s original content at some point during their subscription period. Hastings and Wells wrote that Netflix “will devote more investment to originals both in absolute dollars and percentage terms” in the future.
Along with the subscriber numbers, Netflix reported a revenue of $1.64 billion in Q2 2015, up 23% from last year’s number. The streaming platform also commanded $0.06 per share of its stock, two cents higher than analysts’ expectations. Plus, in after-hours trading on July 15, 2015, Netflix stocks were up 10%.
