Netflix CEO Reed Hastings gives a keynote address, January 6, 2016 at the CES 2016 Consumer Electronics Show in Las Vegas, Nevada.
Robyn Beck | AFP | Getty Images
Netflix reported its second quarter 2020 earnings after the bell on Thursday, the first full quarter to reflect the impact of the coronavirus pandemic. The company announced that Netflix Chief Content Officer Ted Sarandos will become co-CEO and join the Board of Directors.
Netflix missed analyst expectations on earnings per share but beat revenue expectations. Shares fell more than 12% after hours.
Here are the key numbers:
- Earnings per share (EPS): $1.59 vs. $1.81 expected, according to Refinitiv survey of analysts
- Revenue: $6.15 billion vs. $6.08 billion, according to Refinitiv
- Global paid net subscriber additions: 10.09 million vs. 8.26 million expected, according to FactSet
This story is developing. Check back for updates.
Disclosure: NBCUniversal is the parent company of CNBC.