Netflix Exceeded Expectations: Record Subscriber Growth!
Netflix published its financial reports for the second quarter of 2024. The video streaming service exceeded expectations in this period!
Netflix published its financial reports for the second quarter of 2024. According to the information shared, the popular video streaming service exceeded expectations in the second quarter and achieved pleasing results in both subscriber numbers and revenues. Here are the details!
Netflix Gained Over 8 Million New Subscribers in the Second Quarter
The most striking detail in Netflix’s financial reports was that more than 8 million new subscribers joined the platform in the second quarter. The service managed to increase its revenues by 17% compared to the same period last year, reaching $9.6 billion.c
Not only that. The platform’s net profit rose 44% year-on-year to $2.1 billion. The service’s earnings per share rose to $4.88. Finally, the company’s third quarter estimates are $9.7 billion in revenues and $2.2 billion in net profit.
