Fast Company
US · 2 hrs ago
Netflix stock is getting battered again. Now it says it will share viewership metrics even less frequently
Shares of Netflix Inc (Nasdaq: NFLX) are down more than 11% in premarket trading on Friday following an earnings report that came close to Wall Street’s expectations but also announced plans to reduce engagement transparency.
Released on Thursday, July 16, the streamer’s second-quarter earnings report revealed $12.56 billion in revenue, a 13% increase year-over-year (YOY). Netflix attributed the double-digit growth to increased ad revenue, membership growth, and pricing.
Price hikes ‘going…
Do you trust Fast Company?
Sign in to rate
Discussion
?
No comments yet — be the first to start the discussion!