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% […]

$NFLX July 20, 2021 1 min read

NYSE

$NFLX · Earnings

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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% […]
· July 20, 2021

Netflix Q2 2021 earnings infographic

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.

Netflix (NFLX) Earnings: Subscriber base grows 8% in Q2; earnings miss Street view

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