Netflix has surpassed Q2 expectations with 44% profit surge
Briefly

We're clearly seeing healthy organic growth in the business, but we're also continuing to get better and better at translating improvements in our service into business value, including getting better and better at converting unpaid accounts. On the paid member front, we're also probably benefiting from that attractive entry point in terms of price point and feature set for our ads plan.
Netflix warns that quarter three paid net additions will be lower year-on-year as the impact of the password-sharing clampdown declines, leading to a flat global average revenue per paid member. They aim to capture a larger share of TV time from both linear and streaming services.
Read at ReadWrite
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