
Netflix Profits Surge Off Ads, Higher Subscription Prices
This is Beirut 18/07 10:00 - Reading : 2 minute(s)
Netflix reported stronger than expected second-quarter results Thursday, with profit jumping 45 percent year-over-year as the streaming giant benefited from subscription price increases and a growing advertising business. Revenue climbed 16 percent to $11.1 billion in the quarter ended June 30, beating analyst estimates and the company's own ...