Earnings

Netflix (NFLX) earnings 2Q 2023

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Netflix said Wednesday that its quarterly revenue and subscriptions rose, as efforts to curb password sharing took hold.

Here’s what the company reported for the second quarter versus what analysts expected, according to Refinitiv:

  • Earnings: $3.29 a share vs. $2.86 per share expected
  • Revenue: $8.19 billion vs $8.30 billion expected

The streaming giant said it added 5.9 million customers during the second quarter amid its broader crackdown on password sharing in the U.S. Netflix said it would roll out its new policy to the rest of its customers on Wednesday.

Netflix’s stock fell as much as 8% in after hours trading.

The company reported revenue of $8.19 billion, up 3% from $7.97 billion in the…



Source cnbc.com

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