Netflix, Inc. (NASDAQ: NFLX) reported Monday that its second-quarter profit rose to $68 million, or $1.26 per share, from $44 million, or $0.80 per share, in the year earlier quarter. Revenue rose to $788.6 million from $519.8 million. Analysts, on average, expected the company to report earnings of $1.11 per share on revenue of $790.49 million.
At the end of the quarter, Netflix had over 25 million global subscribers, up 70% from 15 million just one year ago. The company added add 1.8 million domestic subscribers in Q2, 75% more than Q2 of last year.
Shares of the company slumped more than 8% in Monday's after-hours trading.
Full Disclosure: None.
At the end of the quarter, Netflix had over 25 million global subscribers, up 70% from 15 million just one year ago. The company added add 1.8 million domestic subscribers in Q2, 75% more than Q2 of last year.
Shares of the company slumped more than 8% in Monday's after-hours trading.
Full Disclosure: None.
