Netflix just held its 2Q 2015 earnings call and some interesting talking points were released.
The quick hitters:
- The Netflix stock split 7-for-1.
- Netflix projected 2.5 million subscribers in 2Q but reached 3.3 million new subscribers.
- Netflix implied even more international expansion. This is almost certainly a nod toward an upcoming expansion into China “prepare for further global expansion in 2016.”
- Netflix now has over 63 million global subscribers, with over 20 million of those subscribers outside the US
Wall Street is happy as Netflix stock shot up 10% in after hours trading following the earnings call as it appears to have been a phenomenal quarter for the streaming service.
More to follow.