Netflix Revenue Grows 16% in New Earnings Report
The company’s revenue surpassed expectations, hitting approximately $11.08 billion this quarter, marking a 16-17.3% increase compared to the same period last year. This figure outperformed analyst predictions of $11.07 billion. Earnings per share for the quarter were reported at $7.19, surpassing the anticipated $7.08 and rising significantly from $4.88 in Q2 2024. Net income saw a substantial jump, rising from $2.1 billion a year ago to $3.1 billion this time around, according to CNBC’s report.