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

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

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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