Netflix Q2 beat lifts bulls, but costs cloud outlook
Netflix topped Q2 estimates with $7.19 EPS and $11.08 billion revenue, as forex gains and timing boosted margins to 34%. It raised the full-year revenue outlook but warned of rising content and marketing costs in H2. Retail sentiment stayed extremely bullish despite a post-earnings dip. The stock is up 43% YTD, with analysts eyeing $1,600 targets.