The streaming service Netflix shows new numbers. Netflix earned a lot of money in the second quarter. The revenue went up to 12.6 billion dollars. This is an increase of 13 percent. The profit also grew. It is now 3.4 billion dollars. Popular movies and series helped. An example is the crime series I Will Find You. The movie Swapped was also very successful.
Nevertheless the price of the share drops. The share lost 7 to 8 percent. Experts at the stock market are disappointed. They hoped for a better outlook. Netflix expects less growth for the future. The share lost a lot of value in the last 12 months. The price fell by 40 percent in total. Investors worry about the number of viewers.
Netflix wants to tell less information. The service does not name exact customer numbers anymore. Info about the success of movies also comes rarely. Netflix plans this info only once a year. The company looks for new ways for money. This includes more ads and live broadcasts. Netflix is interested in the Soccer World Cup for example. A purchase of the company Warner Brothers also failed recently.
