Netflix reported strong second-quarter earnings that beat analyst expectations, with revenue reaching $11.08 billion and earnings per share at $7.19. Despite this, the stock dipped over 5% as investors weighed financials against underlying concerns. The company attributed revenue growth to more members, higher pricing, and increased advertising. Netflix raised its third-quarter revenue and earnings per share guidance, with full-year revenue guidance now at $44.8 billion-$45.2 billion. Analysts have issued updated ratings and price forecasts, with some noting concerns about engagement trends and content bets. NFLX stock is trading lower at $1,215.18.

Read more at Yahoo Finance: Netflix’s Blockbuster Profits Overshadowed By ‘Anemic’ Engagement