Netflix CEO Reed Hastings delivers a keynote address on January 6, 2016 at the CES 2016 Consumer Electronics Show in Las Vegas, Nevada.
Robyn Beck | AFP | fake pictures
Netflix reported its second-quarter 2020 earnings after the bell on Thursday, the full first quarter to reflect the impact of the coronavirus pandemic. The company announced that Netflix Chief Content Officer Ted Sarandos will become co-CEO and join the Board of Directors.
Netflix lost analyst expectations for earnings per share, but exceeded revenue expectations. Shares fell more than 12% after hours.
Here are the key numbers:
- Earnings per share (EPS): $ 1.59 vs. $ 1.81 expected, according to Refinitiv analyst survey
- Income: $ 6.15 billion vs. $ 6.08 billion, according to Refinitiv
- Global additions of paid net subscribers: 10.09 million compared to 8.26 million expected, according to FactSet
This story is unfolding. Check back for updates.
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