Netflix wows investors after posting stellar earnings


Netflix brought in a boat load of subscribers in Q2, compared to the quarter prior. The streaming giant racked up $5.2 million total subscribers, compared to their target of 3.2 million. Netflix stock rose 8 percent in the immediate aftermath its earnings report and hit an all-time high in after-hours trading. Netflix also saw its revenue rise to $2.78 billion, compared to Wall Street's prediction of $2.76 billion. “The volume and breadth of our releases in Q2 exemplify our commitment to serve the desires of our diverse and growing audience. We premiered 14 new seasons of global Netflix original series, 13 original 2 comedy specials, 6 original documentaries, 2 original documentary series, 9 original feature films and 7 seasons of original series for kids.”