Netflix's 2nd Quarter 2020 Revenue Announced

The world's most popular online TV series and movie platform Netflix. The platform, which has more than 150 million subscribers today, has become even more popular with the outbreak of the coronavirus pandemic. Now the company has announced its financial performance for the second quarter of 2020. Made by Netflix remarks, clearly reveals that the company is experiencing a loss of value.

According to the statements made by Netflix, the platform will launch in the second quarter of 2020. $6.15 billion earned income. In addition, the company had an operating income of 1.36 billion dollars and its net income was 720 million dollars. When we look at Netflix's shares, the company increased per share in the last quarter. $1.59 won. Although the announced figures seem very impressive for consumers, they do not seem to satisfy Netflix.

In recent statements made by Yahoo Finance, it was stated that Netflix's second quarter estimates were 6.08 billion dollars in revenue and per share. $1.81 profit was expected. Netflix managed to exceed the estimated revenue in this process, but the expectations regarding the stocks could not be met. The platform's last quarter 10.09 million The new subscriber enabled the revenue amount to exceed expectations.

Right after the earnings announcement, Netflix announced 2020 third quarter He announced his predictions for . In the statements made, it is stated that 6.33 billion dollars of revenue will be generated, there will be 1.25 dollars of operating income and net income will be determined as 954 million dollars. According to Netflix, earnings per share are $2.09 It will happen as. In addition to all this, officials expect the company to gain 2.5 million new subscribers in the third quarter.

Netflix's forecasts for the third quarter show that a better revenue level will be reached compared to the second quarter. Market analysts are $6.39 billion in revenue and they expect revenue of $2 per share. In other words, analysts think that Netflix revenue will be higher than expected, while income per share will be slightly lower. Of course, the real value of these results is in the coming months will have come to light.