Netflix Scorches Subscriber Forecasts With Overseas Topping U.S.


Netflix has begun to reshape the TV business overseas just as it has at home.

The streaming-video provider scored a record second quarter, according to a statement Monday, surpassing forecasts for subscriber growth and boosting its international audience past the domestic total for the first time.

Netflix’s blend of TV shows, movies and stand-up comedy TV has started to catch on in some of the biggest countries in the world, from Brazil to the U.K. The company will reach at least 20% of broadband households in five of its largest markets outside the U.S. by the end of the year, according to Instinet.

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