Netflix Q2 subscribers & revenue jump as streamer doubles down on burgeoning ads business

Earnings per share were $4.88, surpassing the $4.74 per share projected by LSEG. Revenue hit $9.56bn, above the anticipated $9.49bn, showing 14% YoY growth.

Netflix gained 8.05 million new subscribers in Q2, totaling 274.4 million paid memberships. Despite growth, monthly usage by U.S. adults declined suggesting market saturation challenges.

Read at The Drum