Netflix: Q2 Earnings Snapshot
By AP News
Published - Jul 19, 2023, 04:14 PM ET
Last Updated - Jul 19, 2023, 04:14 PM EDT
LOS GATOS, Calif. (AP) — LOS GATOS, Calif. (AP) — Netflix Inc. (NFLX) on Wednesday reported second-quarter earnings of $1.49 billion.
On a per-share basis, the Los Gatos, California-based company said it had net income of $3.29.
The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $2.83 per share.
The internet video service posted revenue of $8.19 billion in the period, falling short of Street forecasts. Eleven analysts surveyed by Zacks expected $8.26 billion.
