Forward guidance trumped the top line beat as Netflix Sees 3Q Streaming Paid Net Change +2.50M, Est. +5.12M
2Q Streaming Paid Net Change +10.1M, Est. +8.20M
EPS $1.59, Est. $1.82
Netflix 2Q Rev. $6.15B, Est. $6.09B
As for the stock, well YIKES!!!
Netflix Beats Top Line Falls 11%
Forward guidance trumped the top line beat as Netflix Sees 3Q Streaming Paid Net Change +2.50M, Est. +5.12M
2Q Streaming Paid Net Change +10.1M, Est. +8.20M
EPS $1.59, Est. $1.82
Netflix 2Q Rev. $6.15B, Est. $6.09B
As for the stock, well YIKES!!!