Netflix raises full year revenue outlook as Q2 earnings top estimates

Netflix Inc (NASDAQ:NFLX, ETR:NFC) delivered another strong quarter of revenue and profit growth driven by the streaming giant's hit content slate, price increases, and advertising growth. Revenue increased 16% year-over-year to $11.08 billion, above the analyst consensus of $11.07 billion and the company's guidance of $11.04 billion.