Netflix Inc. (NFLX) reported improved earnings for the second quarter, surpassing Wall Street expectations.
The company posted a net income of $2.15 billion, or $4.88 per share, compared to $1.49 billion, or $3.29 per share, in the same period last year.
The consensus forecast of analysts, as gathered by Thomson Reuters, predicted earnings of $4.74 per share. These estimates typically exclude special items.
Netflix's quarterly revenue increased by 16.7%, reaching $9.56 billion, up from $8.19 billion the previous year.
### Netflix Inc. Q2 Earnings Overview (GAAP):
- **Net Income (Q2):** $2.15 billion vs. $1.49 billion last year
- **Earnings Per Share (Q2):** $4.88 vs. $3.29 last year
- **Revenue (Q2):** $9.56 billion vs. $8.19 billion last year
