Netflix: stock expected to dip after Q2 results

(CercleFinance.com) - The Netflix stock is expected to fall slightly after the group announced its Q2 2021 results (currently down 0.
2% in pre-market trading).

Revenue increased by 19% y-o-y in Q2 to 7.3 billion dollars, while operating profit increased 36% y-o-y to 1.8 billion dollars.

The company said that it ended the quarter with over 209 million paying subscribers, slightly ahead of its expectations.

Growth in revenues was driven by an 11% rise in average paying subscriptions to streaming services and 8% growth in average revenue per subscription.

Meanwhile, its operating margin of 25.2% increased by 3 points sequentially.


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