Categories AlphaGraphs, Earnings, Leisure & Entertainment

Netflix (NFLX) subscribers grow 27% in Q2; stock falls on earnings miss

Video streaming giant Netfllix Inc. (NASDAQ: NFLX) reported a 25% growth in second-quarter revenues as the company continued to expand its subscriber base. Meanwhile, earnings missed Wall Street’s prediction and the stock declined on Thursday evening following the announcement.

Netflix Q2 2020 Earnings Infographic

At 192.95 million, the number of global paid members was up 27.3% from the year-ago period. Total revenues surged 25% annually to $6.15 billion.

Looking forward to listening to management/analysts’ comments on Q2 results? Stay tuned here for Netflix’s Q2 2020 earnings call transcript  

Second-quarter net income was $720 million or $1.59 per share, compared to $271 million or $0.60 per share last year. While revenues topped the estimates, earnings missed.

Also read: Is Netflix a buy after rising 50% in 2020?

Netflix’s stock dropped during Thursday’s after-hours trading session, after closing the regular session higher.

Most Popular

WMT Earnings: All you need to know about Walmart’s Q1 2023 earnings results

Walmart Inc. (NYSE: WMT) reported its first-quarter 2023 earnings results today. Total revenue rose 2.4% year-over-year to $141.6 billion, beating market expectations. Revenue growth was 2.6% in constant currency. Consolidated

Take-Two Interactive (TTWO) Q4 earnings decline, revenue up 11%

Gaming company Take-Two Interactive Software, Inc. (NASDAQ: TTWO) announced fourth-quarter 2022 results Monday after the closing bell, reporting an 11% revenue growth. Fourth-quarter revenues rose to $930.0 million from $839.4

Pinterest (PINS): Here are a few points to keep in mind if you have an eye on this stock

Shares of Pinterest Inc. (NYSE: PINS) stayed in green territory on Monday. The stock has dropped 40% year-to-date and 62% in the past 12 months. There is a mixed sentiment

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top