Netflix beats expectations, but the stock falls

Published:

Netflix beats expectations, but the stock falls
Photo: Jenny Kane/AP/TT

The U.S. streaming service Netflix beat market expectations in its quarterly report on Tuesday evening. But its stock is falling on the New York Stock Exchange.

Earnings per share came in at 56 cents during the quarter, compared with the 55 cents analysts expected on average, according to research firm LSEG, CNBC reports.

Sales were $12.05 billion, higher than the $11.97 billion expected, according to LSEG.

Netflix stopped reporting subscriber numbers last year when it reached 300 million subscribers globally.

Revenue rose 18 percent compared with the same period a year earlier, driven by more subscribers, higher fees and rising advertising revenue.

For the full year 2026, Netflix expects revenue of between $50.7 and $51.7 billion.

Half an hour after the report was released, Netflix shares fell 5 percent in after-hours trading on the New York Stock Exchange.

Loading related articles...

Tags

Author

TT News AgencyT
By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

More news

Loading related posts...