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The number of new fee-paying households in Netflix in the second quarter was less than expected and fell sharply by 5% in after-hours trading.
Streaming giant Netflix reported second-quarter results after trading on Tuesday that its earnings per share and the number of new paid subscribers fell short of expectations and revenue was slightly higher than expected. Netflix reported second-quarter revenue of $7.34 billion and market expectations of $7.318 billion, compared with $6.148 billion in the same period last year; earnings per share of $2.97, market expectations of $3.16 and $1.59 in the same period last year; net profit of $1.353 billion and market expectations of $1.443 billion, compared with $720 million in the same period last year. Netflix said that the global flow in the second quarter
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