Netflix's Latest Quarter Proves That Content Is King
Netflix Inc (NASDAQ: NFLX) posted another blowout quarter earlier this week, but this one was even better than its average subscriber beat.
Netflix's second-quarter subscriber growth crushed its own forecast of 3.2 million, as the global streaming service signed up 5.2 million new members in the period. It was a record for the second quarter of the year, as the summer months are usually slow for Netflix, and the company even bucked normal seasonality trends by posting sequential growth over the first quarter. For comparison, it added just 1.7 million new members in the quarter a year ago.
Image source: Netflix.
Source: Fool.com
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