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.