Netflix Reports GAAP Earnings Beat but Revenue Misses Estimates
Netflix reported Q2 GAAP earnings per share (EPS) of $0.80, beating estimates by $0.01, while revenue came in at $12.56 billion, missing expectations by $20 million and growing 13.4% year-over-year. The company also provided a Q3 guidance with projected revenue of $12.86B (vs consensus of $13B) and EPS forecast of $0.82 (vs consensus of $0.84).
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