Netflix: Q2 EPS up 2.8%
(CercleFinance.com) - On Wednesday evening, Netflix reported Q2 EPS of $3.
29, up 2.8% y-o-y, with an operating margin that is up 2.5 points to 22.3%. Meanwhile, its operating income rose 16% to $1.82bn.
Again y-o-y, the video-streaming platform's revenues rose 2.7% to $8.18bn (slightly below its expectation of $8.24bn), boosted by an 8% increase in the number of subscribers to 238 million.
For Q3, Netflix anticipates EPS of $3.52, an operating margin of 22.2%, revenues of around $8.52bn and operating profit of $1.89bn.
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