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Why Netflix's huge subscriber beat is even more impressive than normal

Netflix overwhelmingly beat its projections for new subscribers this quarter, an impressive feat considering that Q2 has traditionally been its slowest quarter for adding subscriptions.

The company welcomed 5.2 million subscribers this past quarter, putting it at 104 million subscribers worldwide. The announcement on Tuesday widely exceeded the company's estimate of 3.2 million.

Q2 has historically been Netflix's slowest quarter for new subscribers. During the same period last year, for example, the stock dipped 15 percent in after-hours trading after the company only added 1.7 million subscribers, compared to projections of 2.5 million.

"Netflix has become a juggernaut in the entertainment industry,"...