Netflix Q2 subscriptions jump 8%: What are your opinions?
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zcole1101
joined discussion · Jul 20, 2023 21:10
$Netflix (NFLX.US)$ The company added 5.9 million paid net s...
$Netflix (NFLX.US)$ The company added 5.9 million paid net subscribers in Q2 as it successfully rolled out paid sharing to more than 100 countries, representing over 80% of its total revenue. Buyside expectations were around 4M net subscriber additions.
Management expects revenue growth to accelerate in H2/23 as the company starts to see the full benefits of paid sharing plus continued steady growth in its ad-supported plan. For Q3, the company expects revenue of $8.5B, representing a 7% year-over-year growth.
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