Netflix Tops 277 Million Subscribers With Strong Q2 Gain, Beats Earnings Forecasts
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variety.comTodd Spangler NY Digital Editor Netflix rang up solid subscriber gains in the second quarter of 2024 — which were considerably better than Wall Street expected — and posted financial results that beat forecasts.
The industry’s No. 1 premium streamer added 8.05 million net paid customers in Q2, bringing its global base to 277.65 million.
The company reported revenue of $9.56 billion (up 17%) and net income of $2.15 billion (versus $1.49 billion a year ago), translating to earnings per share of $4.88.
Netflix had forecast Q2 revenue of $9.49 billion and earnings of $4.68 per share. On average, Wall Street expected revenue of $9.53 billion and EPS of $4.74, according to LSEG Data & Analytics.
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