Netflix released its earnings report for the June quarter and posted EPS of $0.60, a solid beat over initial estimates of $0.56. Revenue came in exactly where analysts expected, with the streaming giant generating $4.92 billion in revenue for the quarter gone by.
That notwithstanding, the chief metric analysts tend to judge Netflix on has always centered on the company’s ability to attract new subscribers. And from that vantage point, Netflix’s earnings for the quarter left quite a few investors disappointed.
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Despite massive earnings, Netflix is struggling to attract new subscribers originally appeared on BGR.com on Wed, 17 Jul 2019 at 16:43:53 EDT. Please see our terms for use of feeds.
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