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TRENDING
July 23, 2024
Netflix Surpasses Expectations in Q2 2024: Adds 8.1 million Subscribers
Netflix is one of the world's leading entertainment services with 270 million paid memberships in over 190 countries enjoying TV series, films and games across a wide variety of genres and languages. By: K Dass.
US - In a remarkable performance,
Netflix has outpaced Wall Street’s predictions for its second quarter of 2024.
The streaming giant added a whopping 8.1 million net paid subscribers, bringing
its global base to an impressive 278 million.
Key Highlights
· Netflix
reported revenue of $9.56 billion, marking a 17% increase compared to the same
period last year.
· Net
income surged to $2.15 billion, a remarkable 44% growth from the previous year.
· The
company achieved an impressive $4.88 EPS, surpassing the $4.70 expected by
analysts.
This stellar performance underscores Netflix’s
position as one of the world’s leading entertainment services. With 270 million
paid memberships across 190 countries, viewers continue to enjoy a diverse
range of TV series, films, and games.
The co-CEOs, Ted Sarandos and Greg Peters, along with
CFO Spence Neumann and VP of Finance/IR & Corporate Development Spencer
Wang, discussed these results in a live video interview. Investors can find the
full details on Netflix’s investor relations website.
As the streaming landscape evolves, Netflix’s ability
to consistently exceed expectations remains a testament to its global appeal
and innovative content offerings.
