Netflix's subscriber and earnings growth gather more momentum
Briefly

from The Seattle Times2 months ago
Netflix added 8 million subscribers in Q2, a 37% increase over last year, and its profit rose 44% to $2.15 billion. Revenue exceeded analysts' estimates at $9.56 billion.
The Seattle Timeshttps://www.seattletimes.com/business/netflixs-subscriber-and-earnings-growth-gather-more-momentum-as-password-sharing-crackdown-pays-off/
Management forecasts slower revenue growth in Q3, leading to a 3% initial drop in Netflix's stock price post-report. Analysts view this as a strategic move amid high expectations.
The Seattle Timeshttps://www.seattletimes.com/business/netflixs-subscriber-and-earnings-growth-gather-more-momentum-as-password-sharing-crackdown-pays-off/
Read at The Seattle Times
#netflix #subscriber-growth #financial-performance #competition-in-video-streaming #strategic-management
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