Categories AlphaGraphs, Earnings, Leisure & Entertainment
Netflix (NFLX) Earnings: Subscriber base grows 8% in Q2; earnings miss Street view
Netflix, Inc. (NASDAQ: NFLX) Tuesday said its subscriber base expanded at a slightly faster pace in the second quarter of 2021. Earnings and revenues of the streaming giant increased year-over-year. The bottom line, however, missed the estimates.
At the end of the second quarter, the company had 209.18 million paid subscribers, which is up 8.4% from last year. Revenues climbed 19.4% annually to $7.34 billion and slightly exceeded Wall Street’s projection.
Net income came in at $1.35 billion or $2.97 per share in the second quarter, up from $720 million or $1.59 per share recorded in the same period of 2020. Market watchers had forecast stronger growth for the latest quarter.
Read management/analysts’ comments on Netflix’s Q2 report
Shares of the company dropped during Tuesday’s extended trading soon after the announcement, after closing the regular session lower.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
AAPL Earnings: Apple’s Q2 sales and profit beat estimates; iPhone sales down 10%
Apple Inc. (NASDAQ: AAPL) on Thursday reported better-than-expected profit and revenue for the second quarter of 2024. There was a 10% decrease in iPhone sales. The gadget giant reported revenues
Shopify (SHOP) is all set to report Q1 2024 results. Here’s what to expect
Over the years, Shopify Inc. (NYSE: SHOP) has steadily expanded its footprint in the online retail market through constant innovation, like the recent launch of a mobile POS device for
eBay (EBAY): A look at how the ecommerce company fared in Q1 2024
Shares of eBay Inc. (NASDAQ: EBAY) were down over 2% on Thursday. The company reported its earnings results for the first quarter of 2024 a day ago, with revenue and
