But Netflix missed its target badly in the April-June period, causing its high-flying stock to plummet by about 14 percent to $345.63 in extended trading. Coming off its best back-to-back quarters for total subscriber growth in its history, Netflix fell short of subscriber estimates for the first time since Q1 2017. Worldwide subscriber net additions are projected at 4.35 million, again, below the average 5.095 million. Wall Street watches them closely and even a slight miss can...
With all this, the stock is tanking.
Netflix admitted it had overestimated its second quarter subscription growth after consistently undershooting the numbers previously. Revenue came in at $3.9bn, up from last year's $2.8bn, while net income for the quarter was $384m, and increase from $66m the year prior.
In its trying-hard-to-be-positive letter (PDF) to shareholders, Netflix said that it had "a strong but not stellar Q2, ending with 130 million memberships". Its total base of 57 million subscribers in the USA dwarfs Hulu's 20 million users and HBO's 5 million.
"After four consecutive quarters of beating its own guidance, and analysts' expectations on key metrics such as revenues, profits, and subscriber gains, Netflix disappointed with a weak Q2", said eMarketer principal analyst Paul Verna.
Netflix will spend as much as $8 billion producing and acquiring TV shows and movies this year, including Disenchantment from The Simpsons and Futurama creator Matt Groening, new seasons of House of Cards and Making a Murderer, and presumably several series and films yet to be announced.
And if you've noticed more billboards for "Stranger Things" and "The Crown" of late - two shows that helped make Netflix the most-nominated network for the Emmys last week - there's a good reason.
In the letter to shareholders, Netflix said it expected more competition from global players including ProSiebenSat 1 Media in Germany and on-demand service Salto in France.
AT&T is planning to hike spending on HBO to make it more competitive with Netflix, and Apple and Facebook are also raising their investments in content. And Walt Disney is hoping to close on a $71 billion deal to buy prized entertainment franchises from 21st Century Fox to feed into a video streaming service Disney will debut next year.
Pogba, 25, can now add the World Cup to a trophy cabinet that already includes four Serie A titles and the Europa League. We've had incredible games, stupidly amusing moments and some of the best punditry and commentary in years.
There's no love lost between the US President and Sadiq Khan, who Trump said had done a "terrible job" as London mayor. Later they will hold talks with the foreign secretary at Chequers - the PM's country residence in Buckinghamshire.
Added to this is an 8.3 mm thin design , and a device that tips the scale at 521.6 grams sans detachable keyboard cover. The Surface Go has been priced $399 which applies to the base version with 4 GB of RAM and 64 GB of SSD storage.
The christening photos were captured by photographer Matt Holyoak and four of them have now been released to the public. Princess Charlotte nearly stole the show - again - by affectionately holding her baby brother's hand during the shoot.
But it was all about Kerber as she absorbed everything Williams threw at her and counter-punched in very effective fashion. As things stand, Williams holds the mark for the half-century of professional tennis, one ahead of Graf.
On Friday, protesters flew a blimp depicting the USA president as an orange, snarling baby just outside the British parliament. In Saturday's tweets, Trump cast blame on former President Barack Obama for failing to stop Russian election meddling.
A pair of Palestinian teenagers who were on a rooftop when they were targeted by an Israeli air raid were reported killed. Israel's army said Saturday's strikes targeted military facilities belonging to Hamas.
"I think the other point is, we just don't know how much effort the government has made to find released parents", Gelernt said. Mexico border by a court-ordered deadline Tuesday, in part because several of the parents have already been deported.
And sure enough, the worldwide figures for Spotify and Apple Music show a spread that is more in line with what one would expect. However, this comparison also indicates Apple Music is more popular in the USA than Spotify .
The Syrian army reached Nasib crossing on Friday for the first time after losing it to the rebels in 2015. Both Jordan and Israel had refused to let the refugees in, though they did allow aid to be delivered.
Trump says he misspoke on Russian meddling
They met in private, with only translators present, but Schumer referred to notes that were taken in debriefings of the meeting. Putin spoke frankly on the topic of Crimea, saying that the USA delegation had expressed its view that the invasion was illegal.
5 things to know about Tesla's China plans
Ramping up manufacturing in Fremont first is critical to Tesla being able to sustain itself financially. Tesla sold 14,779 vehicles in China a year ago , according to data from LMC Automotive.
Kerber beats Williams to claim maiden Wimbledon title
Novak Djokovic advanced to a fifth Wimbledon final with a 6-4, 3-6, 7-6 (9), 3-6, 10-8 victory over Rafael Nadal . Williams played in a Wimbledon final on Saturday in just her second major back after having a baby in September.
Novak Djokovic vs Rafael Nadal, Wimbledon 2018 semi-final
Incidently, the Nadal versus Del Potro match lasted exactly the same length as Rafa's win against Roger Federer in the 2008 final. Two sets to love and a match point down, Anderson found something from within to rally back and stun the greatest of all time .
Djokovic tops Air K to reach semifinals
This is a 32nd Grand Slam semi-final appearance for Djokovic, although there was some doubt he would reach that mark. But the Argentine broke back immediately with a volley and then saved another break point at 5-5 with an ace.
Gazza's message for Southgate and his England squad
Here are the six England players who are most likely to get a career-changing move after their exploits in Russian Federation . However, nine of the 14 players who featured in that game in Nice are part of Southgate's squad.
Fox News Cancelled A Live Broadcast Because Of Protestors
After endorsing Trump choice Neil Gorsuch previous year , Cashman is at it again, this time backing Brett Kavanaugh . FreedomWorks, the conservative advocacy group, issued a statement applauding Trump for choosing Judge Kavanaugh.