Netflix mulls launch of cheaper plan, posts strong Q2 earnings per share. Check streaming giant’s global performance

Streaming giant Netflix posted a strong $3.20 earnings per share (EPS), surpassing analysts’ expectations of $2.93. The EPS is a 7.07% Year-over-year (YOY) increase in the second quarter. This comes after Netflix in the previous quarter, which is Q1-2022, had reported negative growth.

The revenue of the company saw an increase of 8.6 per cent YOY. Revenue has been one of the slowest increases in years.