Netflix (Nasdaq: NFLX) reported earnings on July 22. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 30 (Q2), Netflix met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded significantly. GAAP earnings per share grew significantly.

Margins expanded across the board.

Revenue details
 Netflix recorded revenue of $1.07 billion. The 31 analysts polled by S&P Capital IQ hoped for revenue of $1.07 billion on the same basis. GAAP reported sales were 20% higher than the prior-year quarter's $889.2 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.49. The 23 earnings estimates compiled by S&P Capital IQ averaged $0.39 per share. GAAP EPS of $0.49 for Q2 were 345% higher than the prior-year quarter's $0.11 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 29.5%, 190 basis points better than the prior-year quarter. Operating margin was 5.3%, 350 basis points better than the prior-year quarter. Net margin was 2.8%, 210 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $1.10 billion. On the bottom line, the average EPS estimate is $0.49.

Next year's average estimate for revenue is $4.34 billion. The average EPS estimate is $1.61.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 7,781 members out of 9,743 rating the stock outperform, and 1,962 members rating it underperform. Among 3,217 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 2,986 give Netflix a green thumbs-up, and 231 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Netflix is hold, with an average price target of $200.01.

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