Netflix Earnings – 15.77 million New Subscribers joined Netflix

Investingport
Netflix (NFLX), the largest internet television network, has experienced a poor turnout in its EPS in spite of its rapid growth and skyrocketed revenue. As of Tuesday, the Netflix EPS was $1.57 against the expected $1.65 on a share sales of $5.76 billion. While on a Year-over-Year basis, earnings were up 107% and sales jumped 28%. The company said that the strong US dollar suppressed its international revenue in the first quarter.In a report on April 21, Netflix showed a larger paid-subscriber growth since Q1 2019. Its total paid subscriptions also beat expectations. Prior to that, subscriber-growth fell every quarter…
Source: Netflix Earnings – 15.77 million New Subscribers joined Netflix

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