Netflix shares drop despite positive second quarter earnings

The company announced it had added more than 10m subscribers due to the coronavirus lockdowns, bringing revenue to $6.15bnNetflix shares dove Thursday evening after close, despite the streaming giant reporting relatively positive second quarter earnings amid the coronavirus pandemic.Netflix on Thursday announced it had added 10.09 million more paid subscribers than expected as audiences bound to their homes because of Covid-19 restrictions binge-watched its shows in the absence of live events and movie theaters. Continue reading... https://www.theguardian.com/media/2020/jul/16/netflix-shares-drop-second-quarter-earnings #netflix #stock_markets #business #us_news