Communication Services
Entertainment
$392.35B
13K
Key insights and themes extracted from this filing
Total revenues reached $9,559,310,000 for Q2 2024, a 17% increase compared to Q2 2023. This growth is driven by a combination of increased average paying memberships and price increases.
Operating income for Q2 2024 was $2,602,837,000, a significant increase of 42% compared to the same period in 2023. This reflects improved profitability.
Operating margin increased to 27% in Q2 2024, exceeding the previous year's 22%. This improvement is attributed to revenue growth outpacing cost increases.