Netflix announced mixed second-quarter financial results as the platform continues its efforts to cut costs and boost engagement in an increasingly competitive streaming landscape. Although revenue rose, up 2.7 percent from the same period last year to $8.19 billion, it fell short of estimates despite new initiatives such as the campaign on password sharing, which launched in the U.S. in late May, along with the recently launched ad tier.
Source (Alkhaleej Emirati Newspaper, Edited)
