Streaming giant Netflix Inc (NASDAQ:NFLX) reported second-quarter financial results Thursday after market close.
These are the key highlights.
What Happened: Netflix reported second-quarter revenue of $11.08 billion, up 16% year-over-year. The revenue total beat a Street consensus estimate of $11.04 billion according to data from Benzinga Pro.
The company reported second-quarter earnings per share of $7.19, beating a Street consensus estimate of $7.06.
Operating margins were 34% in the quarter, beating a company estimate.
Netflix attributed more members, higher pricing and increasing in advertising revenue as the items that helped boost revenue and operating margins.
All of the company’s regions saw year-over-year revenue growth, broken down as follows
- UCAN: $4.93 billion, +15%
- EMEA: $3.54 billion, +18%
- LATAM: $1.31 billion, +9%
- APAC: $1.31 billion, +24%
The growth for the UCAN region of 15% year-over-year outperformed the 9% growth in the first …