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This article was published on July 21, 2010


Netflix had $519.8M in revenue in Q2, now at 15M subscribers

Netflix had $519.8M in revenue in Q2, now at 15M subscribers
Chad Catacchio
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Chad Catacchio

Chad Catacchio is a contributor writing on a variety of topics in tech. He has held management positions at a number of tech companies in th Chad Catacchio is a contributor writing on a variety of topics in tech. He has held management positions at a number of tech companies in the US and China. Check out his personal blog to connect with him or follow him on Twitter (if you dare).

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