The growth is thanks to the increasing popularity of the Watch Instantly streaming service, and Netflix's decision to add their native service to set-top boxes, Blu-ray players and HDTVs.
Citigroup analyst Mark Mahaney adds that Netflix's explosive growth is the "fastest year-to-year growth [he] has seen in over five years."
For the entire second quarter, Netflix’s web traffic was up 34 percent year-over-year. In the first quarter, YoY growth was 19 percent.
Netflix has added 1.7 million subscribers in the Q1, ending with 14 million customers.
Written by: Andre Yoskowitz @ 12 Jul 2010 23:41