Netflix Misses On Revenue In First-Quarter Earnings

  • Netflix’s first-quarter earnings did not hit analyst estimates for revenue and surpassed them for earnings per share. The streaming giant also gave a new timeline to curb password sharing.
  • Netflix said its first-quarter revenue increased 3.7% to $8.16 billion.
  • Diluted earnings per share (EPS) was $2.88 for the quarter, down from the same three-month span last year.
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