Netflix Q2 Global Streaming Paid Memberships 238.39M, Up 8% YoY; Global Streaming Paid Net Additions 5.89M
Portfolio Pulse from Bill Haddad
Netflix reported Q2 global streaming paid memberships of 238.39 million, marking an 8% YoY increase. The company also saw global streaming paid net additions of 5.89 million.
July 19, 2023 | 8:02 pm
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POSITIVE IMPACT
Netflix's Q2 report shows an 8% YoY increase in global streaming paid memberships and 5.89 million new additions. This growth could positively impact the company's stock.
The increase in Netflix's paid memberships indicates a growing user base and revenue stream, which is a positive signal to investors. This could lead to an increase in the company's stock price in the short term.
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