MarketWatch First Take: Netflix hits another major milestone, stock heads for records

Netflix Inc. investors have bemoaned the cost of hefty spending on its international expansion, but that focus paid off for the streaming company Monday.

Netflix NFLX, +0.36%reported better-than-expected subscriber growth in its second quarter on Monday, and announced that it now has more subscribers outside the U.S. than within after adding 1.1 million domestic subscribers and 4.1 million international customers. Netflix also forecast that its international segment would show a profit in the third quarter and for the full year at current exchange rates, which would be a first for the company.

Live blog recap: Netflix earnings report sends stock to potential record highs

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