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Netflix Beats Wall Street Expectations As Revenue and Profits Surge
In its second-quarter earnings report, the streaming giant disclosed operating income of $3.8 billion and a margin of 34.1 percent, up double digits from a year ago.
When it comes to content, Netflix executives also tackled their competition with YouTube, which currently leads the Nielsen Gauge chart. Others are in Korea, some are in India, and some are creators that distribute only on social media platforms, and most of them have not yet been discovered,” Netflix co-CEO Ted Sarandos said on the company’s quarterly earnings call, when asked by Wells Fargo analyst Steve Cahall whether it would pursue exclusive deals with creators. “We largely agree with you and believe that working with a wide set of content creators makes a lot of sense for us.
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