Netflix earnings for 2Q show:
- earnings-per-share $3.29 versus expected $2.86
- revenues $8.19 billion versus expected $8.29 billion
- Streaming and paid net additions 5.89 million versus expected 2.07 million
Netflix’s guidance for Q3 includes the following:
- It projects revenue of $8.5 billion, which is slightly below the expected $8.67 billion.
- The company anticipates an earnings per share (EPS) of $3.52, surpassing the expected $3.23.
- Netflix expects the number of paid net additions to its streaming service in Q3 to be similar to this quarter.
Netflix shares are trading lower at $457.76 that’s down 4.16% from the closing level of $477.59.