Netflix (NFLX) Q2 2022 Earnings Report, subscribers Loss

- by Vivek Rao

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The number of global paid streaming subscriptions reflects how Netflix generates most of its revenue.

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Netflix currently has 220.67 million subscribers and is expected to reach 1 million in the third quarter.

NFLX reported Q2 2022 earnings per share (EPS) of $3.20, coming ahead of analysts' forecasts.

Netflix revenue: $7.97 billion, Vs. $8.035 billion, according to the Refinitiv survey.

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The company lost approximately 970,000 customers during the second quarter.

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Netflix's revenue in Asian markets saw 23% YOY and in Latin America saw revenue growth of 19%.

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The company aims to unveil its low-cost, ad-supported tier in early 2023.

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