Netflix reported $1.15 earnings per share for the second quarter of 2014, generally in line with analyst expectations.
Overall the company has revenue of $1.34 billion. Its U.S. paid streaming members hit 35.09 million, with 47.99 million paid streaming members worldwide.
It also noted that total streaming members topped 50 million for the first time while total U.S. members were over 36 million.
During Q2 Netflix added 570,000 domestic streaming subs.
A Thomson Reuters poll of analysts predicted that Netflix would report $1.16 a share with revenue of about $1.3 billion, the Wall Street Journal reported. The company had said it planned to add 520,00 domestic steaming customers in Q2 and predicted that paid membership for streaming services would exceed 35.03 million.
In a letter to shareholders, the company noted: our U.S. member base grew to more than 36 million on the strength of our ever-improving content offering ... For Q3, we expect about 1.3 million net additions, comparable to Q3'13 ... We are pleased our net additions in the U.S. remain on par with last year.
Netflix stock was trading up 6.5% at $458.35 in afterhours trading at 1:15 p.m. PT.
Netflix has seen its stock soar by nearly 400% since 2013.
In the call and in a letter to shareholders, management reiterated its support of net neutrality and opposition to the Comcast acquisition of Time Warner Cable
Our policy goals are for the FCC to not sanctify paid prioritization, and for the DOJ/FCC to block the merger of Comcast/TWC, or at the very least, to require as condition to approving the merger that the combined entity be prevented from charging for interconnection, Netflix CEO Reed Hastings and CFO David Wells wrote to shareholders.
In the earnings call, Hastings stated that the most practical approach would be for the FCC to make a strong commitment to network neutrality as a condition for a merger. He also called Title 2 regulation an imperfect tool but didn't elaborate.
Recent price increases for new members should help ARPU rise slowly they wrote, adding that there was only minimal impact on membership growth from this price change.
In terms of 4K content, management reported that content available to stream will grow steadily as several of our original series are or will be shooting in 4K.
Internationally the company reports ongoing strong growth that should continue with the launch in September in Germany, France, Austria, Switzerland, Belgium and Luxembourg. This launch into markets with over 60 million broadband households will significantly increase our European presence and raise our current international addressable market to over 180 million broadband households, or 2x the number of current U.S. broadband households, Hastings and Wells wrote.
The European expansion would, however, increase expenses, which would increase loses to around $42 million for the third quarter of 2014.
Wells estimated during the conference call that existing services would probably have broken even or come close to breakeven in the third quarter of 2014 without the other launches.
They also stressed that even with the European expansion, the company's footprint would only include about one third of the world's broadband home, providing a great opportunity to build on our international success beyond 2014, Hastings and Wells wrote.
Broadband homes are growing much faster outside the U.S., Wells explained during the call, opening up new growth opportunities. We like what we see, he said.
With the international expansion, Netflix is ramping up its original production and continues to spend heavily on content. In the second quarter of 2014, Netflix was on the hook for $7.7 billion in programming deals for streaming rights, up from $6.3 billion in the same period a year ago.
While the company is acquiring local content for its international expansion, Ted Sarandos, chief content officer, noted that the amount of local content tended to account for 10 to 20% of their offering and that much of their content was travelling very well internationally.
In terms of getting the Netflix service onto pay TV systems, Netflix noted that its partnership with Virgin in the U.K. was going well. Being on the first input was helpful to consumers, Hastings explained during the call, but added that it is a nice positive, but not transformative.
The company also reported that it still had 6.3 million DVD subscribers and that losses for the quarter of 391,000 were less than the 475,000 lost in the same period a year ago.
Most recent headlines
05/01/2027
Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be ...
04/08/2026
Dalet, a leading technology and service provider for media-rich organizations, t...
04/07/2026
April 7 2026, 19:00 (PDT) Detective Conan: Fallen Angel of the Highway Opens in...
01/06/2026
January 6 2026, 05:30 (PST) Dolby Sets the New Standard for Premium Entertainment at CES 2026
Throughout the week, Dolby brings to life the latest innovatio...
13/05/2026
New Adobe Premiere Color Grading Mode Accelerated on NVIDIA GPUs
Joel Pennington May 13, 2026
0 Comments
New NVIDIA RTX-accelerated features streamlin...
13/05/2026
Grass Valley announced that dB Broadcast has delivered new IP-based outside broadcast (OB) trucks for Cloudbass, featuring Grass Valley LDX 100 Series cameras a...
13/05/2026
Ikegami will exhibit the latest additions to its wide range of broadcast production cameras, control units, viewfinders and monitors on stand 5D3-1 at Broadcast...
13/05/2026
FISE, working with the founding members of the XR Sports Alliance (XRSA), Accedo, Qualcomm Technologies, Inc. and HBS, have collaborated to develop an immersive...
13/05/2026
Canon Unveils New EOS R6 V Full-Frame EOS Camera and RF20-50mm F4 L IS USM PZ Bu...
13/05/2026
Boston Conservatory at Berklee Honors Beth Morrison and Moses Pendleton at Comme...
13/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
13/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
13/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
13/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
13/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
13/05/2026
Creative software developer Foundry today announced the latest developments on Nuke Stage. A purpose-built application for end-to-end virtual production and in-...
13/05/2026
A definitive portrait of one of Ireland's most influential musicians
New TV documentary airs Monday 18 May on RT One and RT Player at 9.35pm
Watch the...
13/05/2026
Agentic AI is changing the way users get work done. Following the success of OpenClaw, the community is embracing new open source agentic frameworks. The latest...
13/05/2026
Reinforcement-learning agents - AI systems that learn by trial and error - can c...
12/05/2026
Beyond the Hype: A Strategic Post-Hoc Analysis of NAB 2026 If NAB Show 2026 had an underlying theme, it was a quiet, industry-wide pivot from the high-energy sp...
12/05/2026
Guntermann and Drunck (G&D), a Panoptec Technologies Group company, and CT Square, led by Chandresh Shah, have announced a joint venture to distribute G&D and V...
12/05/2026
With 30 days until the start of the FIFA World Cup 2026, Telemundo, the exclusive Spanish-language home of the tournament in the United States, has announced th...
12/05/2026
The NHL has announced the return of Stanley Pup for its third consecutive year, a 90-minute special featuring adoptable rescue dogs competing on a miniature rin...
12/05/2026
NBCUniversal presented its 2026 Upfront to advertisers at Radio City Music Hall, detailing upcoming programming across NBC, Peacock, Bravo, and Versant properti...
12/05/2026
FOX Sports has announced funding for the Fandom and Social Connection Initiative at Harvard Kennedy School's Shorenstein Center on Media, Politics, and Publ...
12/05/2026
TNDV and Live Media, both divisions of Live Media Group, supported live broadcast coverage around NCAA Final Four weekend in Indianapolis, including the March M...
12/05/2026
The European Football Alliance (EFA) has announced a content distribution agreement with Fubo Sports Network, the free ad-supported streaming TV (FAST) channel ...
12/05/2026
For the first time, Spanish-speaking fans in the U.S. will have two separate tel...
12/05/2026
CP Communications led a comprehensive spectrum management initiative on behalf of Churchill Downs during Kentucky Derby week, coordinating RF assets across the ...
12/05/2026
LiveU has announced a strategic partnership with DRONERESPONDERS, a 501(c)3 non-...
12/05/2026
Open Broadcast Systems has announced that BMC TV, a specialist in IP transport of broadcast content, has selected the Open Broadcast Systems 5G Flyaway solution...
12/05/2026
NEP Europe, part of NEP Group, has announced it will deliver broadcast solutions...
12/05/2026
Grass Valley has announced continued collaboration with Ravensbourne University ...
12/05/2026
Stats Perform has announced the launch of Opta Pulse, an AI-assisted video creation and distribution platform for leagues, rights holders, and broadcasters. The...
12/05/2026
FOX Sports has announced a collaboration with Sesame Workshop to integrate Sesame Street characters into FOX Sports' FIFA World Cup 2026 programming. Conten...
12/05/2026
To date, NHL Productions has produced 19 broadcasts with commentary in American Sign Language
NHL in ASL (American Sign Language) may be just one show, but the...
12/05/2026
Google's Brian Albert: creators, athletes, highlights, nostalgia, second-scr...
12/05/2026
A still from Past Lives by Celine Song, an official selection of the Premieres program at the 2023 Sundance Film Festival. (Courtesy of Sundance Institute | p...
12/05/2026
Spotify is where fans and artists come together, turning discovery into somethin...
12/05/2026
Features patented Marco-MMC clocking technology
Black Lion Audio's latest release combines the company's expertise in clocking with their renowned p...
12/05/2026
New Track Panel, sequencer upgrades & more
Following their recent public beta release, Reason Studios have announced the full release of Reason 14. With the...
12/05/2026
One month to go! SBS reveals expansive FIFA World Cup 2026 lineup beyond the pi...
12/05/2026
Rohde & Schwarz presents its advanced solutions for power electronics testing at...
12/05/2026
aconnic AG (ISIN: DE000A0LBKW6), Munich, has developed a modified fund raising p...
12/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
12/05/2026
Tyrell Corporation, specialists in high-end live sports and entertainment broadcasts, was tasked with delivering compelling broadcast coverage of premier equest...
12/05/2026
Registration is now open for IBC2026 as the global media, entertainment and technology community prepares to converge on the RAI Amsterdam from 11 14 September ...
12/05/2026
Ross Video, a global leader in live video production technology, will present its latest innovations and integrated production workflows at BroadcastAsia 2026, ...
12/05/2026
500 selected leaders from around the world across start-ups, corporates, and venture capital. Over 50bn in assets under management among attending investors, a...
Netflix reported $1.15 earnings per share for the second quarter of 2014, generally in line with analyst expectations.
