With the release of its second-quarter financial results, Netflix (NASDAQ: NFLX) reported a net loss of 1 million subscribers in the quarter ended June 30. Along with the broader market sell-off, spurred by high inflation and rising interest rates, shares of Netflix have fallen 64% in 2022. Three months ago, Netflix's management, led by co-CEOs Reed Hastings and Ted Sarandos, had predicted a loss of 2 million subscribers in the just-ended quarter, so the company's official results were better than those expectations. Read More...
With the release of its second-quarter financial results, Netflix (NASDAQ: NFLX) reported a net loss of 1 million subscribers in the quarter ended June 30. Along with the broader market sell-off, spurred by high inflation and rising interest rates, shares of Netflix have fallen 64% in 2022. Three months ago, Netflix’s management, led by co-CEOs Reed Hastings and Ted Sarandos, had predicted a loss of 2 million subscribers in the just-ended quarter, so the company’s official results were better than those expectations.
