Netflix Outdoes Expectations Again, Adding 8M Subscribers In Q2

Netflix added 8 million subscribers in the second quarter, delivering its latest upside surprise to Wall Street, though the company’s stock pulled back on weaker guidance for future revenue. Revenue of $9.559 billion and earnings per share came in just ahead of Wall Street analysts’ consensus expectations. Subscriber additions nearly doubled estimates of a gain of 4.7 million, which would have represented a dip from the 5.9 million tacked on in Q2 of 2023. The company said revenue would rise 14% in the thi ...