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Netflix shares jumped 6% after the company said it lost fewer subscribers than anticipated during the second quarter.
The company had warned investors last quarter that it expected to shed around 2 million, but only lost around 970,000 during the three month period ending June 30.
Here are the results:
The company told shareholders that it expects net adds to reach 1 million in the third quarter, reversing some losses seen during the first half of the year. Analysts had predicted Netflix would guide for growth of around 1.8 million.
This s a breaking news story. Please check back for updates.
Author: Editors Desk
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