Video streaming giant Netflix, Inc. (NFLX) reported a second-quarter revenue of $8.19 billion, slightly below analyst expectations, but with earnings per share of $3.29, beating expectations.
Due to a crackdown on password sharing, the streaming giant added 5.90 million customers in the quarter. Also, the company expects a revenue boost in the second half of the year as it rolls out its ad-supported streaming tier and continues to address password sharing. However, the company noted that the full effect of these measures will take time to materialize.
