The streaming giant expects slower subscriber additions this quarter while lifting its revenue forecast for the year. Read More...
Netflix’s subscriber and earnings growth gather more momentum as password-sharing crackdown pays off
Netflix added 8 million subscribers during the April-June period, marking a 37% increase over the same time last year. It was the sixth-consecutive quarter of that Netflix’s subscriber gains have increased from the previous year, a trend triggered by the 2022 downturn that served as a wake-up call for the Los Gatos, California, company. The forecast contributed to a muted reaction from investors who have driven up Netflix’s stock price by 32% so far this year.
Associated Press Finance•
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