Netflix grew its membership base by 5.2 million subs in the second quarter of 2018, falling short of its forecasted 6.2 million.
The 5.2 million additions were on par with Q2 of last year. U.S. net adds of 700,000 were down from last year’s Q2 record of 1.1 million but were in line with second quarters in year’s past. Internationally, the 4.5 million net additions represented an 8 percent increase year over year.
For Q3, Netflix forecasts global net adds of 5 million—compared with 5.3 million in last year’s third quarter—with 650,000 and 4.35 million in the U.S. and international segments, respectively.
Streaming revenue in Q2 increased 43 percent year on year, led by a 26 percent increase in average paid memberships and 14 percent gain in ASP. There was a 262 percent growth in operating income.