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James H. Collins / AP

Netflix blew past Q2 subscription expectations, adding 5.2 million subscribers last quarter, the company's executives told investors in an earnings report Monday. The company's stock jumped 10.7% after close Monday.

Why it matters: Netflix saw a slowdown in subscriber growth in the first quarter of 2017, despite season renewals of some its biggest hit shows, like "House of Cards" and "Orange Is the New Black," but Q2 growth beat investor estimates by a whopping 2 million subscribers. It's especially impressive given that the company has historically seen slowed subscriber growth during Q2. The company now has a total of 104 million subscribers globally.

  • Streaming time: Nielsen estimates released earlier this year found that Netflix accounts for nearly half of the internet streaming time spent by adults in the U.S. and is available to 51.2% of U.S. households — far more than its subscription streaming rivals.
  • Awards: Netflix was nominated for a whopping 92 Emmy awards this year, more than all cable companies besides HBO. Earlier this year, Netflix took home its first Academy Award for its film The White Helmets.

Go deeper

Updated 1 min ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: CDC director defends agency's response to coronavirus pandemic — CDC warns highly transmissible coronavirus variant could become dominant in U.S. in March.
  2. Politics: Azar says deadly Capitol siege could "tarnish" Trump administration's legacy — Biden says, "We will manage the hell out of" vaccine distribution.
  3. Vaccine: Battling Black mistrust of the vaccines"Pharmacy deserts" could become vaccine deserts — Instacart to give $25 to shoppers who get vaccine.
  4. Economy: Unemployment filings explode againFed chair: No interest rate hike coming any time soon —  Inflation rose more than expected in December.
  5. World: WHO team arrives in China to investigate pandemic origins.
Bryan Walsh, author of Future
9 mins ago - Politics & Policy

America is anxious, angry and heavily armed

Data: FBI; Chart: Andrew Witherspoon/Axios

Firearms background checks in the U.S. hit a record high in 2020.

The big picture: This past year took our collective arsenal to new heights, with millions of Americans buying guns for the first time. That trend coincides with a moment of peak political and social tension.

Mike Allen, author of AM
1 hour ago - Economy & Business

America on borrowed time

Illustration: Aïda Amer/Axios

Economic recovery will not be linear as the world continues to grapple with the uncertainty of the pandemic.

Why it matters: Despite being propped up by an extraordinary amount of fiscal stimulus and support from central banks, the state of the global economy remains fragile.