For the second quarter Netflix reported earnings of $1.15 a share, beating the $1.14 a share consensus estimate from FactSet by 1 cent. Revenue grew 25.2% from the year-ago quarter to $1.34 billion, in-line with analysts' estimates for the quarter.
Netflix added 1.69 million streaming subscribers in the quarter, bringing its total subscriber numbers to 50.05 million. The company expects to add 3.69 million new streaming subscribers in the third quarter.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts