Netflix Revenue Grows 26 Percent But Membership Adds Miss Forecast
Company attributes drop to Q2 content slate
Netflix’s second quarter financials for 2019 offered mixed results. In a letter to shareholders yesterday, Netflix revealed quarterly revenue of $4.9 billion, representing growth of 26% year-over-year. In the not-so-great-news category, Netflix only added 2.7 million new members during the quarter, compared to the 5.0 million new members forecast and the 5.5 million new members added in the second quarter of 2018.
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