Netflix Posts Mixed Results, Wall Street Still Spooked by Streamer's Inability to Boost Revenue
The world's largest streaming giant beat on earnings per share estimates, but missed on revenue. Adding more paid subscribers, a key metric for investors, tripled projections.
Netflix, Hollywood’s unofficial earnings pace car since its the first entertainment giant to post results, on Wednesday delivered mixed financial numbers amid a tooth-and-nail fight for subscribers and a crippling strike by industry talent.
The world’s largest stre…