Netflix shares jumped 6% after the corporate stated it misplaced fewer subscribers than anticipated throughout the second quarter.
The corporate had warned buyers final quarter that it anticipated to shed round 2 million, however solely misplaced round 970,000 throughout the three month interval ending June 30.
Listed below are the outcomes:
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EPS: $3.20 vs $2.94 per share, in keeping with Refinitiv.
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Income: $7.97 billion, vs. $8.035 billion, in keeping with Refinitiv survey.
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World paid internet subscribers: A lack of 970,000 subscribers vs. expectations of a lack of 2 million, in keeping with StreetAccount estimates.
The corporate advised shareholders that it expects internet provides to achieve 1 million within the third quarter, reversing some losses seen throughout the first half of the 12 months.
(supply)
(hyperlink to Netflix letter to shareholder for q2 2022)
