Netflix is set to announce its second-quarter earnings, following a strong performance in Q1 that saw its stock increase by 41% year-to-date. Wall Street projects Q2 revenue at $11.06 billion and an EPS of $7.09. Estimates indicate that EPS growth may surpass revenue growth significantly, projected at 45%. Internal aspirations revealed plans to double revenue and triple earnings by 2030. The previous quarter saw a record increase of 19 million paid subscribers, creating a strong expectation for continued growth.
Netflix's stock soared following a report of blowout earnings, leading to 41% year-to-date returns. Tonight it will report second-quarter earnings, with significant investor anticipation.
Wall Street's consensus estimates for Netflix's Q2 earnings includes revenue of $11.06 billion and normalized EPS of $7.09, indicating strong performance expectations.
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