Beijing time on July 20 in the early morning news, US video streaming service provider Netflix rose more than 8% after the market on Tuesday, after the company’s second-quarter earnings report showed that the number of paying subscribers lost in the quarter was less than expected.Netflix shares closed up 5.61 percent at $201.63 on Tuesday.
According to the financial report, Netflix’s second-quarter revenue was 7.970 billion US dollars,An increase of 8.6% compared to $7.342 billion in the same period last year; net profit was US$1.441 billion,An increase of 6.5% compared to $1.353 billion in the same period last year; Diluted earnings per share were $3.20, compared to $2.97 a year earlier.
Netflix said,The company’s streaming media subscribers fell by 970,000 in the second quarter, the market expects a decrease of 2 million. The company expects a net increase of 1 million paying subscribers in the third quarter, compared with market expectations for an increase of 1.8 million. The company currently has 220.67 million users.
Netflix also said it aims to launch a low-cost ad-supported subscription option in early 2023. Last week Netflix announced that it had chosen Microsoft as a partner for its ad-supported product.
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