Netflix reports mixed Q2 results with earnings above expectations but revenue slightly below forecasts.
Netflix posted Q2 earnings per share of $0.80, exceeding the estimated $0.79, while revenue reached $12.56 billion, slightly below the $12.58 billion forecast. Free cash flow stood at $1.53 billion, missing the $2.72 billion estimate.
The company guided Q3 EPS to $0.82, below the $0.84 estimate, and revenue to $12.86 billion, under the $13.0 billion expectation. Full-year revenue growth is projected at 13% to 14%, aligning with prior guidance of 12% to 14%.
Netflix maintained its full-year operating margin target of 31.5% and free cash flow of about $12.5 billion, though both are slightly below consensus estimates.