WASHINGTON, July 19 (Bernama-dpa) -- Online entertainment conglomerate Netflix's profit climbed in the second quarter, beating Wall Street estimates, reported German Press Agency (dpa), quoting the company on Thursday.
Netflix's bottom line came in at US$2.15 billion, or US$4.88 per share. This compares with US$1.49 billion, or US$3.29 per share, in last year's second quarter.
The company's revenue for the quarter rose 16.7 per cent to US$9.56 billion from US$8.19 billion last year.
In the second quarter, the video streaming market leader gained 8 million subscribers, a 37 per cent increase over the same time last year.
Netflix now has around 277.7 million subscribers worldwide, it said.
--BERNAMA-dpa
BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.
Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial