‘Less bad results’: Netflix loses 1M subscribers and reports total revenue of $11.5bn in Q2 2022

July 20, 2022 9:59

Netflix, Inc. (NASDAQ: NFLX) has today released its second-quarter 2022 financial results, which showed a loss of one million net paid subscribers, better than its projection of two million, with shares up 10% in after-hours trading.

The company posted total revenue of US$7.97 billion (A$11.5 billion), up 9%, but, missing analysts’ expectations of 8.04 billion (A$11.6 billion).

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Emma Shepherd

Emma Shepherd was the acting deputy editor at Mumbrella who has over seven years of print and digital experience in the industry and has previously worked as a reporter for media outlets Bauer Media (now Are Media), Yahoo Australia, and a content strategist and writer for various independent marketing agencies.

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