Netflix Stock Surges On ‘Less Bad’ Q2 Earnings, Nascent Ad Service Plans

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By Martin Baccardax “We’re talking about losing 1 million instead of losing 2 million,” said CEO Reed Hastings of the smaller-than-expected subscriber exodus. “So our excitement is tempered by the less bad results.” Netflix (NFLX) – Get Netflix Inc. Report shares surged higher Wednesday after the streaming entertainment service topped second quarter earnings forecasts and posted a smaller-than-expected paid subscriber exodus. Netflix lost 970,000 paid subscribers over the quarter, the company said, less than half of the anticipated 2 million exodus, helping revenues rise 8.6% from last year to…

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