Our quarterly glance into the world of the biggest TV/films streaming service, today, as Netflix announced its latest financials. The big number that’s being talked about most is the company’s growth past 50m paying subscribers: something that hasn’t quite happened yet, but should do in the next few months. Specifically, Netflix ended the second quarter of 2014 with 48m ‘paid members’ for its streaming service, and expects this to rise to 50.9m by the end of Q3. It already has more than 50m total members, including people on free trials. Netflix also reported streaming revenues of $1.15bn in Q2, helping its overall profits grow from $53m in Q1 to $71m in Q2 – slim, but nevertheless the kind of net income that Spotify and other streaming services would love to have. Netflix also confirmed a big European expansion for September: it’ll be launching in Germany, France, Austria, Switzerland, Belgium, and Luxembourg.

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