Netflix is three years into its games initiative and said it will release about a game a month starting in July – so now – in its Netflix Stories series based on the giant streamer's IP.
While the top- and bottom-line numbers for Netflix (NFLX) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Netflix (NFLX) came out with quarterly earnings of $4.88 per share, beating the Zacks Consensus Estimate of $4.70 per share. This compares to earnings of $3.29 per share a year ago.
Netflix (NFLX) posted better-than-expected results for the second quarter as subscribers surged, though the streaming giant issued soft guidance for the third quarter.
Netflix will scrap its cheapest advertisement-free subscription plan for all customers in the U.S., the streaming giant announced on Thursday, just one year after the company—which once swore off advertisements—eliminated the option for new customers, marking the latest price hike in the ongoing streaming wars.
Streaming service's ad-supported subscription and live event streaming saw revenue reach $9.5bn in latest quarter
Netflix added more than 8 million subscribers in the second quarter and now has more than 277 million global customers. The company emphasized it's content to take market share from the traditional world of TV that's not YouTube.
Internet television network Netflix beat Wall Street's estimates for the second quarter. But Netflix stock fell in extended trading.
The new sign-ups brought the total number of global Netflix subscribers to more than 277 million.
Peter Naylor, the former head of advertising at Hulu, is leaving Netflix after less than two years in a senior executive role. The move was confirmed to Deadline by a person familiar with the company's ad exec roster.
Netflix Inc (NASDAQ:NFLX, ETR:NFC) shares fell after Thursday's closing bell as a third quarter revenue guidance miss overshadowed a strong quarterly earnings report. For Q3, Netflix expects revenue of $9.73 billion, below the $9.83 billion expected by Wall Street analysts.
Netflix beat estimates with second quarter earnings continuing a stellar track record this year, meeting expectations on revenue growth and exceeding for net subscriber adds, which were 54% above average estimates.