Breaking News Emails
Can't get enough of "Orange is the New Black"? You're hardly alone.
Propelled by the strength of its original programming, Netflix is pressing full steam ahead in its quest to be the first global Internet TV channel. The on-demand video streaming company says it added 3.3 million customers in the April-through-June period and has now surpassed 65 million subscribers worldwide.
"We are at the forefront of a wave of global Internet TV adoption and intend to make our service available throughout the world by the end of 2016," the company said in its second-quarter earnings report released Wednesday.
Netflix now has more than 42 million subscribers in the U.S. and 23 million internationally. In Q2, Netflix launched originals such as "Marvel's Daredevil" and "Grace and Frankie" and closed the quarter with season three of its runaway hit series "Orange is the New Black."
"Global enthusiasm for the third season of 'Orange' underlines our ability to create franchise properties that bring new members to Netflix as well as delighting current ones. Nearly ninety percent of Netflix members have engaged with Netflix original content, another indicator that we are on the right path," the company said.
Netflix said second-quarter revenue rose to $1.64 billion, up from $1.34 billion in the year-earlier period. It forecast adding another 3.5 million-plus subscribers globally in the July-through-September quarter.
Netflix is available in more than 50 countries and plans to launch in four additional markets (Japan, Spain, Italy and Portugal) in the second half of 2015. And it's exploring tapping into a potentially massive market — China — in 2016.