by predictany007
Netflix (NFLX) reported its fiscal second quarter earnings on Tuesday after market close as the company battles ongoing inflationary pressures, increased competition, and an uptick in subscriber churn.
The streaming giant’s Q2 subscriber numbers showed a narrower loss than expected, causing shares to surge more than 8% in after-hours trading. Revenue and adjusted earnings per share were mixed amid the broader subscriber slowdown, in addition to increased pressures from foreign exchange with the dollar holding strong relative to other currencies.
Here are Netflix’s second quarter results compared to Wall Street’s consensus estimates, as compiled by Bloomberg:
Revenue: $7.97 billion versus $8.05 billion expected
Adj. earnings per share (EPS): $3.20 versus $2.98 expected
Subscribers: Loss of 970,000 versus loss of 2 million users expected
finance.yahoo.com/news/netflix-q-2-earnings-170448268.html
- Deutsche Bank Is On The Brink Of Collapse: Get Prepared For The Next Lehman Brothers Moment
- The Truth About the Uprising in Israel
- Hillary Clinton leaked emails reason to get rid of Gadaffi
- The recession is here, the market crash is next.
- Shocking Biden hot-mic reveals how handlers program his every move WATCH. Yes, this is 100% real.
- Forget the Global Collapse. Be Mad at Trump and Putin Instead.
- The Most Common Lie Used to Justify Third World Immigration Was That It Would “Improve” Western Economies
- Woman beats herself with hammer to frame boyfriend for abusing her and it worked until her friend released this footage…
- Trans terrorist kills Christian kids. Media:
- The ‘Trans Resistance Network’ has released a statement that Audrey Hale is the real victim in the Christian school shooting
Views: 72