Netflix’s Q2 Report: 10 Million New Subscribers, Production Delays For 2021

Netflix’s stock sank 10% in after-hours trading following a second-quarter earnings report that revealed it beat revenue and subscriber projections,  but fell short of expected earnings per share. The company’s letter to shareholders unsurprisingly attributed the higher-than-expected subscriber gain to pandemic lockdowns, but noted that the boom is petering out “as consumers get through the initial shock of Covid and social restrictions.”

Source: Netflix’s Q2 Report: 10 Million New Subscribers, Production Delays For 2021, And Content Head Ted Sarandos Is Now Co-CEO – Tubefilter

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