Jul 18, 2017

Netflix stock up 10% after crushing subscription growth estimates

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.

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House passes bill to make lynching a federal hate crime

Photo: Aaron P. Bauer-Griffin/GC Images via Getty Images

The House voted 410-4 on Wednesday to pass legislation to designate lynching as a federal hate crime.

Why it matters: Congress has tried and failed for over 100 years to pass measures to make lynching a federal crime.

This year's census may be the toughest count yet

Illustration: Eniola Odetunde/Axios

Community leaders are concerned that historically hard-to-count residents will be even harder to count in this year's census, thanks to technological hurdles and increased distrust in government.

Why it matters: The census — which will count more than 330 million people this year — determines how $1.5 trillion in federal funding gets allocated across state and local governments. Inaccurate counts mean that communities don't get their fair share of those dollars.

Live updates: Coronavirus spreads to Latin America

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

Brazil confirmed the first novel coronavirus case in Latin America Wednesday — a 61-year-old that tested positive after returning from a visit to northern Italy, the epicenter of Europe's outbreak.

The big picture: COVID-19 has killed more than 2,700 people and infected over 81,000 others. By Wednesday morning, South Korea had the most cases outside China, with 1,261 infections. Europe's biggest outbreak is in Italy, where 374 cases have been confirmed.

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