The SEC says the software engineers were part of a ring that made $3.1 million in illicit profits based on tips about Netflix subscriber growth.
The streaming giant's shares jumped 12% after it indicated it would return any excess cash to shareholders through buybacks.
Netflix has a "pattern of caring only about attracting and employing whoever Netflix wants, regardless of whether it violates the law along the way."
Revenue was higher by 22.7% year-over-year as the company recorded 2.2 million paid net subscribers versus 6.8 million net additions a year ago.
As "consumers get through the initial shock of COVID and social restrictions," Netflix sees subscriber growth slowing to 2.5 million in the third quarter.
Netflix's "operations abroad look as promising as ever ... while clouds are beginning to gather in the company's home market."
“Netflix's continued subscription price hikes might finally have reached the end of some customers' patience in the U.S."
“What’s making investors nervous is that there are signs of a slowdown in the second-quarter subscriber growth,” an analyst says.
The new streaming platform may face heavy competition from the likes of Netflix but should grow Apple's services business.
The need to decide what funding requests to prioritize and how much to invest puts finance chiefs squarely in the middle of digital transformation efforts.
The company's shares fell 3.8% on its earnings report but it is now "approaching 50% penetration of U.S. TV households."
Changes in executive pay, the departure of its CFO, and almost $30 billion of cash obligations may be warning signs for Netflix's valuation outlook.
