Netflix added 10 million net new global subscribers last quarter, beating expectations
added 10 million net new global subscribers last quarter, beating expectations. The company’s current third-quarter forecast disappointed however, knocking the stock down 10%.
Netflix net subscriber adds were above expectations of 8.26 million for the second quarter where it ended at 192.95 total subs. But the company said it only expects to add 2.5 million net new subscribers in the third quarter, a significant slowdown compared with previous periods.Revenue of $6.15 billion beat expectations of $6.08 billion.
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