
Despite delivering a robust second-quarter earnings report that surpassed analyst expectations and raised full-year guidance, Netflix (NASDAQ:NFLX) stock dipped over 5% on Friday, leaving investors to weigh strong financials against underlying concerns.
The company reported second-quarter revenue of $11.08 billion, up 16% year-over-year (Y/Y). The revenue total beat a Street consensus estimate of $11.04 billion.