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  • 2 days ago
Netflix beat earnings estimates but missed revenue expectations and issued weaker third-quarter guidance, sending shares lower in premarket trading.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Netflix reported second quarter earnings of 80 cents per share,
00:06beating the street estimate of 79 cents, according to Benzinga.
00:10Revenue rose 13% year over year to $12.56 billion, missing the $12.59 billion estimate.
00:17View hours increased 2% during the first half of 2026,
00:21even with competition from the Winter Olympics and World Cup.
00:25Live programming represents about 5% of Netflix's 2026 content spending,
00:30and 1% of view hours,
00:31while accounting for six of its top 10 member sign-up days since 2023.
00:37Netflix expects advertising revenue to exceed $3 billion this year.
00:41The company guided for third quarter revenue of $12.86 billion
00:45and earnings of 82 cents per share, both below street estimates.
00:49Netflix narrowed its full-year revenue forecast to between $51 billion
00:53and $51.4 billion, compared with the $51.41 billion estimate.
00:59Shares were down by 9.07% at $67 in Friday's pre-market trading,
01:05according to data from Benzinga Pro.
01:07For all things money, visit Benzinga.com.
01:09Next, we will use some text.
01:09say for people who ever talk about
01:10We'll recommend a climatic понятно
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