Los Gatos, Calif-based Netflix, Inc. (NASDAQ: NFLX) posted a strong Q2 results breaking analyst expectations.

Netflix posted second quarter revenue of $408.5 million with a net quarterly profit of $32.4 million, or $0.54 per diluted share.

During the same period last year, Netflix posted revenue of $337.6 million with a net quarterly profit of $26.6 million, or $0.42 per diluted share.

Netflix Q2 on GAAP net income grew 22 percent on a year-over-year basis. Netflix raise its third quarter revenue and expects to have $416 million to $422 million.

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