Despite lower than expected earnings, Netflix wows in Q2 with 65M members

netflix q2 subscribers family
Netflix has officially surpassed 65 million members. Despite not quite hitting its projected revenue for the last quarter, the streaming service announced to shareholders Wednesday that it added a record-setting 3.3 million subscribers in Q2, with a majority of new users located overseas.

No new markets were added during Q2, but Netflix saw strong growth in existing ones. Internationally, 2.4 million people subscribed, with 0.9 million joining in the U.S. As Netflix aims to be available in as many as 200 countries in the next two years, the streaming giant told investors it will continue to add foreign-language content. Spanish-language dramedy Club de Cuervos, set to debut on August 7, will be the first non-English-language Netflix original series, but it will likely be just the first of many, including a French series called Marseille. Netflix revealed that international revenue grew by 48 percent year-over-year.

As for its content creation efforts, Netflix wasn’t afraid to toot its own horn — as well it should. The Sunday following the release of Orange Is the New Black Season 3 was a momentous day for binge-watching. Going up against the season finale of Game of Thrones Season 5, as well as Game 5 of the NBA playoffs, Netflix members set a record for hours watched in a day, led by OITNB, according to the company. “Great progress” (as the streamer put it) in expanding original content.

And Netflix has no plans of slowing down there.

Moving forward, the streamer plans to continue carving out original content (yay!) and is prepared to lay down major investments there. In the letter, the company shared that it looks to spend around $5 billion on content in 2016 and anticipates that original content’s share of the amount will grow, both as a dollar amount and as a percentage. These projects will take the form of original series, documentaries, feature films, and stand-up. Given that the company has reportedly seen nearly 90 percent of its users engage with original content, Netflix’s strategy in the coming year sounds like a good one.

Smart Home

Amazon Prime members number more than 100 million in the U.S., survey says

Consumer Intelligence Research Partners estimated there were 101 million U.S. Amazon Prime members as of December 31, 2018. Last April, CEO Jeff Bezos wrote there were more than 100 global million Prime members.
Mobile

Apple’s iPhone battery offer was reportedly way more popular than expected

As many as 11 million iPhone owners reportedly made use of Apple's cheaper battery replacement offer that launched in 2018 in response to the iPhone throttling debacle — some 10 times more than the company had apparently expected.
Music

Tidal faces legal jeopardy over fake stream numbers accusation

In another challenging chapter for music subscription service Tidal, Norwegian authorities have begun a formal investigation into charges that the company faked millions of streams for artists such as Kanye West and Beyoncé.
Social Media

No yolk! A photo of an egg has become the most-liked post on Instagram

Until this weekend, the most-liked post on Instagram was of Kylie Jenner's baby daughter, which has around 18 million likes. It's now been knocked off the top spot not by a stunning sunset or even a cute cat, but by an egg.
Home Theater

How much are the initials ‘LV’ worth? $700 if you put them on your earphones

If you're looking for truly wireless earbuds that make as much of a statement about the state of your finances as they do about your high-tech street cred, Louis Vuitton's Horizon earbuds fit the $995 bill.
Home Theater

What’s new on Amazon Prime Video (February 2019)

Amazon Prime Video adds new titles each month that are available for free to all Prime members. Check out our list to find all the content hitting Amazon Prime Video in January and February, from new original series to classic films.
Features

Netflix’s latest price increase heralds the end of streaming’s golden age

Netflix’s recent price rise is just the latest in a string of signs that streaming’s golden age is nearly over. As more services enter the fray, content will be further partitioned, signaling the end of streaming’s good old days.
Home Theater

What are HDMI ARC and eARC? Here’s how they can simplify your home theater

HDMI ARC is one of the coolest TV features at your disposal. But if you're like most folks, you have no idea how it works, if you even know what it is at all. Here's our primer on HDMI ARC, as well as the next generation technology, eARC.
Home Theater

Looking to cut cable? Here’s everything you need to know about Pluto TV

Pluto TV offers plenty of entertainment in a fashion similar to live internet TV services, only at no cost — you don’t even need to register. Too good to be true? Here’s everything you need to know.
Home Theater

Want to mirror your smartphone or tablet onto your TV? Here's how

A vast arsenal of devices exists to allow sending anything on your mobile device to your TV. Our in-depth guide shows you how to mirror content from your smartphone or tablet to the big screen from virtually any device available.
Deals

Need a smart speaker? Amazon knocks $50 off Sonos Beam soundbar with Alexa

If you're looking to add some oomph to your home audio setup, then through February 3, the Alexa-enabled Sonos Beam is on sale for $50 off, bringing this excellent smart sound bar down to just $349 on Amazon.
Home Theater

Walmart abandons its plans for a streaming Netflix killer

Rumored plans for a Walmart owned, Vudu-labeled Netflix streaming killer have been shelved according to a new report from CNBC. The billions it would have needed to invest in order to compete apparently gave the mega retailer cold feet.
Home Theater

Dolby’s secret recording studio app may soon exit stealth mode

In secret testing since June, Dolby's stealth recording and social network app may soon be ready to make an appearance. Dolby 234 blends unique noise-canceling tech with Instagram-like audio filters.
Home Theater

From the Roku Ultra to the Fire TV Cube, these are the best streaming devices

There are more options for media streamers than ever, so it’s more difficult to pick the best option. But that’s why we're here. Our curated list of the best streaming devices will get you online in no time.