Netflix topped Wall Street’s second-quarter expectations and raised its full-year forecast for revenue.
Earnings per share of $7.19 beat analysts’ consensus by a dime, while revenue of $11.079 billion narrowly exceeded the Street’s outlook.
As it ramps up a big second half of programming, Netflix said it was raising its revenue forecast for 2025 to between $44.8 billion and $45.2 billion, up from the previous guidance for $43.5 billion to $44.5 billion.
Netflix last quarter began omitting subscriber numbers from its quarterly reports, saying that other metrics offer a better picture of financial performance.
Programming in the quarter included third seasons of top-viewed series Squid Game and Ginny & Georgia, along with Sirens, The Eternaut and Secrets We Keep. Top films included Tyler Perry’s Straw and Exterritorial.
Netflix shares came into earnings on a tear, having risen more than 40% in 2025 to date after a banner 2024. They closed Thursday at $1,274.17, down only a bit from their all-time high of $1,341.15 established in June.
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