
Netflix Soars: Profits Up, Ads Booming, Subscribers Engaged
This is Beirut, 18/07 14:00 - Reading : 2 minute(s)
Netflix reported stronger than expected second-quarter results Thursday, with profit jumping 45 percent year-over-year as the streaming giant benefited from subscription price increases and a growing advertising business. Revenue climbed 16 percent to $11.1 billion in the quarter ended June 30, beating analyst estimates and the company's own ...