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Netflix Adds 5.9M Subscribers In Q2, More Than Doubling Expectations; Effort To Limit Password Sharing Expands To Most Of The World

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deadline.com

Netflix added 5.9 million global subscribers, reaching 238.3 million, with password sharing pushing subscribers to the months-old $7-a-month plan with advertising.

Earnings per share of $3.29 exceeded Wall Street analysts’ consensus forecast of $2.86, while total revenue came in a bit light at $8.2 billion.

Analysts had expected $8.6 billion. The company’s fortunes have certainly changed compared with the year-ago second quarter.

It reported then a loss of 970,000 subscribers as it was beginning its long crawl back to the good graces of investors. Need the comeback expressed in a single stat?

Read more on deadline.com
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