Netflix second quarter earnings beat expecations, and subscriber added numbers were nearly double than analysts estimates.
$Netflix (NFLX.US)$ reported earnings of $4.88 on revenue of $9.56B compared to analyst estimates calling for $4.74/share on revenue of $9.53B. Netflix reported global stream adding about 8.05M subscribers, compared to estimates of 4.87M added.
The firm sees third quarter reneue of $9.73B, below some estimates of $9.83B.
The firm will launch a live investor call at 1:45 pm PST, or 4:45 pm ET.