Netflix forecast that revenues will increase by 34% year-on-year in the current quarter, following a rise of 40% in the second quarter to 3.9 billion US dollars. The company reported that streaming revenue rose 43%, driven by a 26% increase in average paid memberships and a 14% rise in average selling prices.
Netflix said: "We had a strong, but not stellar, Q2, ending with 130 million memberships. Membership growth was 5.2 million, the same as Q2 last year, but lower than our 6.2 million forecast. .. we are starting to lead artistically in some categories, with our creators earning enough Emmy nominations this year to collectively break HBO’s amazing 17-year run." source: Netflix statement
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