Categories AlphaGraphs, Earnings, Technology
Netflix (NFLX) expands subscriber base in Q2; earnings and revenue beat estimates
Netflix, Inc. (NASDAQ: NFLX) Thursday reported an increase in net income for the second quarter of 2024. Revenues of the streaming giant increased 17% year-over-year. Both numbers exceeded Wall Street’s estimates.
Net income came in at $2.15 billion or $4.88 per share in Q2, compared to $1.49 billion or $3.29 per share in the corresponding period of 2023. Analysts had forecast a slower earnings growth.
The bottom line benefitted from a 17% increase in June-quarter revenues to $9.56 billion, which also came in above estimates. The company added 8.05 million new members and ended the quarter with a total of 277.65 million paid subscribers.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Important takeaways from Conagra Brands’ Q3 2025 report
Conagra Brands, Inc. (NYSE: CAG) has reported weaker-than-expected sales and profit for the February quarter as sales declined across business segments amid softer demand and persistent supply challenges. The maker
Main takeaways from Lamb Weston’s (LW) Q3 2025 earnings report
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) jumped 9% on Thursday after the company delivered better-than-expected results for the third quarter of 2025 and reaffirmed its outlook for the
Summary: Tesla (TSLA) reports Q1 2025 production, deliveries
Tesla Inc. (NASDAQ: TSLA) has announced results of vehicle production and deliveries for the first quarter of 2025. The company also provided data on the deployment of energy storage products
