Netflix: Q2 revenue jumps 19% YoY to $7.3 billion

Tuesday, 20. July 2021 22:01

Netflix Inc. reported on Tuesday that its revenue hit $7.3 billion in the second quarter of fiscal 2021, rising 19.4% in comparison to the corresponding timeframe a year ago.

Net income soared 88% year on year to reach $1.4 billion, while operating income amounted to $1.8 billion, up 36% compared to the second trimester in 2020. The diluted earnings per share skyrocketed 87% on a yearly basis to $2.97 in the second three-month period of 2021.

The number of global streaming paid memberships was up 8.4% year over year in the second quarter, standing at 209.18 million in total.

The company's shares were 1.34% down in after-hours trade following the release of the report.

Related Links: Netflix Inc.
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Breaking the News / MS