Netflix beats subscriber targets, cautions ad revenue may take time to ramp up
NFLXNetflix(NFLX) Fox Business·2024-07-19 08:01

Netflix said on Thursday it added more than 8 million subscribers in its second quarter as the streaming service benefited from a password-sharing crackdown and the popularity of such titles as "Bridgerton," "Baby Reindeer" and "The Roast of Tom Brady."  While the subscriber gains topped analyst predictions of 5 million, Netflix issued cautious guidance for the third quarter and said its advertising business would not become a primary driver of revenue growth until at least 2026.Netflix shares reversed init ...