LOS GATOS — Bolstered by upbeat reaction to the latest series of “House of Cards” and “Orange is the New Black,” Netflix on Monday reported quarterly results that surpassed expectations and showed no slowdown in demand for the video-streaming company’s services.
The highlight of Netflix’s second-quarter report was the number of its new subscribers. Netflix said it added a record 5.2 million new members during the quarter that ended in June. That number blew past Netflix’s own earlier estimate of 3.2 million new subscribers, and gave the company almost 104 million subscribers worldwide.
With subscribers crossing the 100 million mark, investors threw their weight behind Netflix in after-hours trading Monday. Netflix shares rose 10.5 percent to $178.69, after closing the regular trading session at $161.70.
Netflix also said it earned $66 million, or 15 cents a share, on revenue of $2.8 billion, compared to a profit of $41 million, or 9 cents a share, on $2.1 billion in sales in the same period a year ago.
Wall Street analysts had forecast Netflix to earn 16 cents a share on $2.76 billion in revenue.
It was also the first time that Netflix reported having more subscribers from its international markets than in the U.S. Netflix said international members rose 52.03 million and U.S. subscribers climbed to 51.92 million during the quarter.
“It seems our growth just expands the market,” Netflix said in a statement.
Netflix also tried to sound diplomatic about where it stands against its rivals in the streaming-TV market, saying there is room for multiple internet-based services to succeed.
“The largely exclusive nature of each service’s content means that we are not direct substitutes for each other, but rather complements,” Netflx said.
For its current, third quarter, Netflix said it expects to add 4.4 million new subscribers worldwide. The company estimates it will earn 32 cents a share on $2.97 billion in revenue.
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