Netflix Has More Subscribers Outside the U.S. Than Inside

Netflix on Monday not only beat second-quarter earnings expectations as hit originals, such as House of Cards and Orange is the New Black, drove better-than-expected subscriber gains, but also hit some key milestones in its global expansion.

The company in a letter to shareholders highlighted that it "crossed the symbolic milestones of 100 million members and more international than domestic members" in the latest quarter, ending it with 52.03 million international and 51.92 million U.S. subscribers. 

"We are making good progress with our international expansion as improving profitability in our earlier international markets helps fund significant investment in our newer territories," Netflix said. "As a result, we expect positive international contribution profit for the full year 2017, at current foreign exchange rates. This would mark the first ever annual contribution profit from our international segment."

Read the rest of this article at The Hollywood Reporter.

Another of Netflix's recent original hits is Stranger Things.