Netflix reported stronger-than-expected financial performance for its second quarter, exceeding analyst projections on both earnings per share (EPS) and total revenue.
According to the earnings release, the company achieved an EPS of $7.19 for the quarter. This figure surpassed the $7.08 consensus estimate compiled by IBES.
Revenue for the period reached $11.08 billion, coming in slightly higher than the IBES forecast of $11.06 billion. These results indicate Netflix performed above market expectations across both critical financial metrics.