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Netflix Newsroom
After falling nearly 7% in after-hours trading, Netflix's Q2 new users doubled from expectations, but the revenue guidance for the next quarter is not good.
Although the net increase in Netflix users in the second quarter of 8.05 million exceeded expectations, it has shown a gradual downward trend for several consecutive quarters, and both the guidance for third-quarter revenue and the outlook for full-year free cash flow are below market expectations, causing a sharp drop in stock prices after hours. However, the overall bullish situation in the second quarter report, the company said that there is significant growth potential in the India market, and raised the lower limit of the range of full-year revenue growth rate, and Wall Street maintains high expectations.
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