Earnings Watch: Netflix is about to pass yet another subscriber milestone

When Netflix Inc. reveals its subscriber additions Wednesday afternoon, it should pass a milestone: 150 million paying subscribers.

The streaming-video service is expected to cross that threshold when it reports second-quarter earnings, after ending the first quarter with 148.9 million. Netflix NFLX, -0.17%predicted that it would add 5 million paying subscribers in the second quarter, which would be its smallest increase since the first quarter of 2017; analysts on average expect a bit more, according to FactSet, predicting about 5.3 million subscriber additions, on average.

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Netflix first passed 100 million paying subscribers exactly two years ago, in the second quarter of 2017.

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