Netflix beats estimates as ad-supported memberships rise 34%
Publishing timestamp: 2024-07-18 18:07:41
Summary
Netflix reported strong growth in global paid memberships and advertising-supported memberships during the second quarter. The company's stock has been boosted by its push to gain subscribers on its cheaper, ad-supported tier. Netflix is now focusing on monetizing its ad inventory as it continues to grow its subscriber base.
Sentiment: MIXED
Tickers: NFLX,
Keywords: media, breaking news: business, business news, netflix inc, breaking news: earnings, entertainment, business, earnings,
Source: https://www.cnbc.com/2024/07/18/netflix-nflx-earnings-q2-2024.html