Netflix (NASDAQ:NFLX) Q2 Earnings, Revenue Increase; Additions Beat Forecasts

Netflix (NASDAQ:NFLX) reported Q2 earnings  of $3.29 per diluted share, up from $3.20 a year earlier.

Analysts polled by Capital IQ expected $2.85 per share.

Revenue for the quarter ended June 30 was $8.18 billion, up from $7.97 billion a year earlier.

Analysts surveyed by Capital IQ expected $8.29 billion.

The streaming giant said its global paid net additions stood at 5.89 million in Q2. Analysts polled by Visible Alpha were expecting 2.3 million.

Netflix said it expects Q3 EPS of $3.52 on revenue of $8.52 billion. Analysts polled by Capital IQ are looking for EPS of $3.19 and revenue of $8.68 billion.

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