1 Number You Missed From Netflix's Earnings
Netflix (NASDAQ: NFLX) recently announced mixed financial results for the second quarter of 2021. Revenue of $7.34 billion and subscriber growth of 1.5 million exceeded Wall Street analyst and internal estimates, while earnings per share of $2.97 disappointed.
It's clear that the coronavirus pandemic has caused lumpiness in Netflix's membership numbers, especially following a monster year in 2020. People went from being stuck inside their homes to now returning to some level of normalcy, and there is still some near-term uncertainty.
While it's best not to focus too much on any one quarter, there was a key statistic that really stood out. Read on to find out what impact, if any, this metric has on Netflix's stock.
Source Fool.com
