Netflix reported second-quarter results that exceeded investor expectations, achieving revenues of $11.1 billion and earnings of $7.19 per share. The company raised its forecast for full-year sales and profit margins despite traditionally slower customer growth in this quarter. A steady release of popular shows and favorable exchange rates contributed to success. Shares were down about 2% but the stock has nearly doubled in value over the past year, with a market capitalization exceeding $500 billion, surpassing several other major media companies.
Netflix reported a remarkable revenue growth of $11.1 billion and earnings of $7.19 per share, surpassing investor expectations across the board.
With a strategic focus on sales and profit metrics rather than subscriber count, Netflix's 16% revenue increase stemmed from higher subscription prices and advertising revenue.
Collection
[
|
...
]