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Benzinga
Benzinga
Business
Wayne Duggan

8 Netflix Analysts React To Q2 Earnings Beat, Subscriber Guidance, Ad-Supported Tier

Andrew Marok Barton Crockett Benjamin Swinburne Daniel Salmon Justin Patterson Laura Martin Nat Schindler Steven Cahall Bank of America BMO Capital Markets

Netflix, Inc. (NASDAQ:NFLX) shares gained 7.1% on Wednesday after the company reported better-than-expected subscriber losses in the second quarter and detailed plans to launch a new, low-cost, ad-supported subscription tier.

On Tuesday, Netflix reported second-quarter adjusted EPS of $3.20, exceeding analyst estimates of $2.94. Second-quarter revenue was $7.97 billion, missing analyst estimates of $8.035 billion. Revenue was up 8.6% from a year ago.

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