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
CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%
Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss
Key metrics from Nike’s (NKE) Q2 2025 earnings results
NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net
FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips
Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,