The streaming giant NFLX +1.91% reported net income of $3.13 billion, compared to $2.15 billion in the same quarter a year earlier. Analysts had estimated net income of $3.05 billion, according FactSet.

Netflix reported total Q2 revenues of $11.08 billion, with an operating income of $3.8 billion and margin of 34.1%, beyond last year and market estimates.

Netflix reported stronger than expected second-quarter results Thursday, with profit jumping 45 percent year-over-year as the streaming giant benefited from subscription price increases and a growing advertising business.