Streaming media giant NetflixSecond-quarter results released after Tuesday's trading showed that the company's earnings per share fell short of expectations, revenue and the number of new paid subscribers were higher than expected.

Netflix reported second-quarter revenue of $7.34 billion and market expectations of $7.318 billion, compared with $6.148 billion in the same period last year; earnings per share of $2.97, market expectations of $3.16 and $1.59 in the same period last year; net profit of $1.353 billion and market expectations of $1.443 billion, compared with $720 million in the same period last year.

Netflix said that the number of new paid subscribers for global streaming media was 1.54 million in the second quarter, compared with 1.19 million in the market, compared with 10.06 million in the same period last year, and 209.18 million in the second quarter, with the market expected to be 208.8 million.

Netflix expects third-quarter revenue of $7.48 billion and market expectations of $7.48 billion; third-quarter earnings per share are expected to be $2.55 and market expectations are $2.17; the number of paid subscribers to global streaming is expected to increase by 3.5 million to 212.68 million in the third quarter, and the market is expected to increase by 4.87 million.

With regard to entering the gaming field, the company said that potential game services will be included in the subscription at no extra charge. The initial focus of the business will be on mobile games.

Netflix also said that the participation of each member family decreased in the second quarter compared with last year, but still increased by 17% compared with the second quarter of 2019.

Netflix shares tumbled 5 per cent in after-hours trading after the results were announced. The company's shares closed down 0.23% at $531.05 on Tuesday.