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Netflix earnings bring big subscriber windfall, but stock gets dinged on light revenue forecast

Por: MarketWatch Business July 19, 2023

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Revenue improved to $8.19 billion from $7.97 billion a year ago. Analysts surveyed by FactSet had expected on average net earnings of $2.85 a share on revenue of $8.29 billion. For the third quarter, Netflix executives guided for earnings of $3.52 a share on $8.52 billion in revenue, while analysts on average were expecting earnings of $3.23 a share on sales of $8.66 billion. Free cash flow for the quarter was an eye-popping $1.3 billion,... + full article



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