Netflix Q2 Revenue Hits $12.56B, Stock Plunges 8% Despite Ad Business Forecast of $3B Annually
According to Netflix's Q2 earnings disclosure, the streaming company reported revenue of $12.56 billion, up 13.4% year-over-year. The company's advertising business is forecast to generate $3 billion in annual revenue. Despite the strong financial performance, Netflix's stock fell more than 8%
NFLX0.06%
GateNews·07-17 00:37
