Netflix, Inc. Earnings Cheat Sheet: Profits Climb By Double Figures Again

S&P 500 (NYSE:SPY) component Netflix, Inc. (NASDAQ:NFLX) reported net income above Wall Street’s expectations for the most recent quarter. Netflix, Inc. provides subscription service streaming movies and TV episodes over the Internet and by mail.

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Netflix Earnings Cheat Sheet for the Second Quarter

Results: Net income for Netflix, Inc. rose to $68.2 million ($1.26 per share) vs. $43.5 million (80 cents per share) in the same quarter a year earlier. This marks a rise of 56.7% from the year earlier quarter.

Revenue: Rose 51.7% to $788.6 million from the year earlier quarter.

Actual vs. Wall St. Expectations: NFLX beat the mean analyst estimate of $1.11 per share. Analysts were expecting revenue of $790.5 million.

Key Stats: The company has enjoyed double-digit year-over-year percentage revenue growth for the past five quarters. Over that span, the company has averaged growth of 37.9%, with the biggest boost coming in the most recent quarter when revenue rose 51.7% from the year earlier quarter.

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 86.6% and in the fourth quarter of the last fiscal year, the figure rose 52.3%.

The company has now topped analyst estimates for the last three quarters. It beat the mark by 4 cents in the first quarter and by 16 cents in the fourth quarter of the last fiscal year.

Competitors to Watch: Coinstar, Inc. (NASDAQ:CSTR), DISH Network Corp. (NASDAQ:DISH), Comcast Corporation (NASDAQ:CMCSA), Time Warner Inc. (NYSE:TWX), The Walt Disney Company (NYSE:DIS), Apple Inc. (NASDAQ:AAPL), Amazon.com, Inc. (NASDAQ:AMZN), Cablevision (NYSE:CVS), Google Inc. (NASDAQ:GOOG), DirecTV (NASDAQ:DTV), CBS (NYSE:CBS), TiVo (NASDAQ:TIVO), AT&T (NYSE:T), Verizon (NYSE:VZ), Sprint (NYSE:S) and Time Warner Cable Inc. (NYSE:TWC).

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(Source: Xignite Financials)