FinancialBuzz.com’s latest The Buzz Show: Featuring Our Corporate News Recap on “Netflix and SnapChat Earnings Report”
Netflix, Inc. (NASDAQ: NFLX) was down more than 5% from previous close in early morning trading after missing earnings and global paid net subscriber addition expectations, earning $1.74 vs the expected $2.14 per share and adding only 2.2 million new subscribers.
Netflix is the world’s leading streaming entertainment service with 193 million paid memberships in over 190 countries enjoying TV series, documentaries and feature films across a wide variety of genres and languages. Members can watch as much as they want, anytime, anywhere, on any internet-connected screen. Members can play, pause and resume watching, all without commercials or commitments.
Snap Inc. (NYSE: SNAP), meanwhile, soared over 30% as the company earned 1cent per share, posted revenues of 679 million dollars and had 249 million daily active users, outpacing analyst estimates for each category as its net loss fell to 200 millions dollars.
Snap Inc. is a camera company. We believe that reinventing the camera represents our greatest opportunity to improve the way people live and communicate. We contribute to human progress by empowering people to express themselves, live in the moment, learn about the world, and have fun together.
For more information, please visit: Netflix, Inc.
For more information, please visit: Snap Inc.
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