Netflix Reports Record Quarterly Revenue but Misses Guidance
Netflix reported a record quarterly revenue of $12.6 billion for Q2 and GAAP net income of $0.80 per share, both in line with expectations. However, the company's guidance came below analyst forecasts, leading to an after-hours stock drop by nearly 9%. The results were driven by higher pricing, increased membership, and advertising revenue.
Tickers: $NFLX
Topics: Netflix Q2 earnings revenue growth stock price reaction