Reported about 4 hours ago
Netflix reported impressive second-quarter earnings, with revenues of $11.08 billion and earnings per share of $7.19, both surpassing analyst forecasts. The company raised its full-year revenue guidance to between $44.8 billion and $45.2 billion, citing strong business momentum and a favorable foreign exchange environment. Despite a slight dip in share price post-announcement, Netflix's ad-supported tier continues to gain traction, contributing to its growth strategy. The company remains optimistic about upcoming content and marketing initiatives to enhance engagement and subscriber retention.
Source: YAHOO