Netflix Adds 8 Million Customers, Extending Lead Over Rivals
- Wall Street analysts had forecast new sign-ups of 4.87 million
- New users this quarter will trail year ago tally, Netflix says
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Netflix Inc. extended its lead over the streaming competition, adding 8.05 million customers in the second quarter and raising estimates for annual sales and profit margins.
The subscriber results, announced in a shareholder letter Thursday, topped expectations in every region around the world and included 2.8 million new customers in the Asia-Pacific. Analysts expected a total of 4.87 million on average.