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
Key highlights from Hewlett Packard Enterprise’s (HPE) Q1 2025 earnings results
Hewlett Packard Enterprise (NYSE: HPE) reported its first quarter 2025 earnings results today. Revenue was $7.9 billion, up 16% year-over-year and 17% in constant currency. Net earnings attributable to common
AVGO Infographic: Broadcom Q1 2025 revenue and earnings beat estimates
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) reported higher revenue and adjusted earnings for the first quarter of 2025. The numbers also surpassed Wall Street's expectations. Earnings, excluding special items, increased
Macy’s (M) Q4 2024 Earnings: Key financials and quarterly highlights
Macy’s Inc. (NYSE: M) reported its fourth quarter 2024 earnings results today. Net sales decreased 4.3% year-over-year to $7.8 billion. Comparable sales were down 1.1% on an owned basis and
