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Netflix reports 'strong but not stellar' 5.2M new customers in Q2

July 16, 2018 / Brian Santo

Netflix turned in better key numbers in its second quarter than it did in its first, but almost all of those key numbers were lower than the company predicted.The company reported revenue of $3.9 billion in the second quarter, up from $2.78 billion in the same period a year ago, and also up sequentially from the $3.7 billion it reported in the immediately preceding first quarter. Netflix's operating income in the second quarter was $462 million, up from $128 million a year ago, and also up from $447 million last quarter.Operating margin was a bit off from the last quarter. It was 11.8% in the second quarter, compared with 12.1% in the first quarter. That was still better—far better—than the 4.6% margins Netflix reported in the second quarter a year ago.