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Netflix Reports Strong Q2 Growth and Raises Full-Year Outlook
Netflix (NASDAQ: NFLX) reported second-quarter revenue growth of 15.9% year-over-year, exceeding the 12.5% growth from Q1. Earnings per share for the quarter reached $7.19, a 47% increase year-over-year, driven by an operating margin of 34.1%, up from 27.2% in the previous year.
Looking ahead, management has raised its full-year revenue forecast to between $44.8 billion and $45.2 billion, from a prior estimate of $43.5 billion to $44.5 billion. Additionally, Netflix’s advertising business is projected to nearly double in size this year, contributing to its optimistic outlook.
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