Netflix Passes 50M Subscribers As It Reports Better Than Expected Q2 Revenue Of $1.34B

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Netflix Passes 50M Subscribers As It Reports Better Than Expected Q2 Revenue Of $1.34B

Netflix Passes 50M Subscribers As It Reports Better Than Expected Q2 Revenue Of $1.34B
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Netflix Passes 50M Subscribers As It Reports Better Than Expected Q2 Revenue Of $1.34B

by Wochit 0:48 mins

Netflix Passes 50M Subscribers As It Reports Better Than Expected Q2 Revenue Of $1.34B

by Wochit 0:48 mins

This afternoon following the bell, Netflix announced the financial results of its second quarter, including revenue of $1.34 billion and earnings per share of $1.15. Analysts had expected Netflix to report $1.33 billion in revenue and $1.16 per share in earnings. The company, which traded up around 1.7% during regular trading in a down market, is up around 1% after-hours following its mixed earnings report. In its most recent three quarter period Netflix saw its total subscriber base grow by 1.69 million to 50.05 million.

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