Netflix reported second quarter earnings that showcased the media giant’s position at the head of the streaming race as it added more global subscribers and saw its advertising business bloom. Revenue was roughly $9.6 billion, up 17% compared to the same quarter last year, driven primarily by the increase in average paid memberships. Netflix said it now expects full year reported revenue growth of 14% to 15%, up from the original guidance of 13% to 15%. | CNBC
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Netflix reported fourth-quarter earnings after the bell on Tuesday. CNBC's Julia Boorstin has the details. cnb.cx/45lYxf2 | CNBC
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Shares of Netflix soared Tuesday after the company posted fourth-quarter results that beat on the top and bottom lines. The company surpassed 300 million paid memberships during the quarter, adding a record 19 million subscribers. Netflix said the growth was driven by its content slate, improved product and typical fourth-quarter seasonality. | CNBC
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