Netflix reported second quarter earnings that showcased the media giant’s position at the head of the streaming race as it added more global subscribers and saw its advertising business bloom. Revenue was roughly $9.6 billion, up 17% compared to the same quarter last year, driven primarily by the increase in average paid memberships. Netflix said it now expects full year reported revenue growth of 14% to 15%, up from the original guidance of 13% to 15%. | CNBC