Netflix Posts Strong Growth Even as It Faces Tough Comparisons
Netflix (NASDAQ: NFLX) just announced second-quarter revenue of $7.34 billion, beating analysts' average forecast for revenue of $7.32 billion. To pull this off, revenue grew 19% year over year during the period, with subscribers rising to a record high. The robust results during a period when the company was up against an incredibly tough year-ago comparison show how strong the streaming-TV company's momentum is.
To fully appreciate Netflix's momentum, here are some key takeaways from the quarter.
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Source Fool.com
