Netflix released its Q2 2010 earnings today, announcing $519.8 million in revenue with 15 million subscribers, 97% of which are paid subscribers.
The 15 million subscribers is a 42% increase from the same period in 2009, and a 7% increase from Q1 2010. Revenue grew at 27% year-on-year and 5% from Q1 2010.
Net income was $43.5 million, or $0.80 per diluted share in Q1 2010 and here are Netflix’s forecasts for the rest of the year:
Q3 2010
- Ending subscribers of 16.3 million to 16.7 million
- Revenue of $546 million to $554 million
- GAAP net income of $33 million to $40 million
Q4 2010
- Ending subscribers of 17.7 million to 18.5 million
- Revenue of $580 million to $596 million
- GAAP net income of $32 million to $40 million
Full-Year 2010
- Ending subscribers of 17.7 million to 18.5 million, up from 16.5 million to 17.3 million
- Revenue of $2.14 billion to $2.16 billion, up from $2.11 billion to $2.16 billion
- GAAP net income of $141 million to $156 million, up from $132 million to $144 million
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