US News

Netflix boosts audience but profit misses mark

Published by
AFP

San Francisco (AFP) – Netflix on Tuesday topped revenue and subscriber expectations but shares dipped as the leader in streaming television fell short on profit in the recently ended quarter. The global streaming giant said that it ended the second quarter with 209 million paid subscribers and revenue of $7.3 billion, some 19 percent higher than the same period a year earlier. Profit was reported at $1.35 billion as compared to $1.7 billion in the preceding quarter. The net income figure missed market expectations. The market also took note that Netflix predicted less growth in the current qua…

Read More

Facebook Comments

Check Also

CfA Statement on Facebook Ad Targeting Policy Change for Users Under 18

WASHINGTON, D.C. – Today, Facebook Inc (NASDAQ:FB) announced ...

Archives