Netflix surpasses 50 million subscribers in Q2 earning report

Netflix kicked off the week of tech company’s earning reports by revealing that the service surpassed 50.02 million subscribers (from 48.35 subs in Q1). The U.S. alone accounted for 36.24 million customers, with international subs topping 12.8 million (an increase of 78 percent from the year prior). As analysts predicted, the company hit $1.34 billion in revenue this quarter. It expects to hit 53.74 subs by the end of the third quarter. In a letter to shareholders, the video streaming company also expressed its determination to keep Internet service providers from “holding our joint customers hostage with poor performance to extract payments from us, other Internet firms, and other Internet transit suppliers.”

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