Netflix posts earnings beat as revenue grows 16% in second quarter

Netflix posted an net bushed Thursday, arsenic gross grew 16% during the 2nd 4th of 2025.

The institution updated its full-year gross forecast, noting that it expects gross to beryllium betwixt $44.8 cardinal and $45.2 billion, up from a scope of $43.5 cardinal to $44.5 billion. Netflix's higher forecast reflects the weakening of the U.S. dollar compared with different currencies arsenic good arsenic "healthy" subordinate maturation and advertisement sales, the institution said successful a statement.

Notably, this is the 2nd 4th that Netflix is not releasing quarterly updates connected subscription data.

"Year-over-year gross maturation was chiefly a relation of much members, higher subscription pricing and accrued advertisement revenue," the institution said successful a statement.

Here's however the institution did, compared with estimates from analysts polled by LSEG:

• Earnings per share: $7.19 vs. $7.08, according to LSEG
• Revenue: $11.08 cardinal vs. $11.07 billion, according to LSEG

Net income for the play was $3.1 billion, oregon $7.19 per share, up from $2.1 billion, oregon $4.88 per share, during the aforesaid 4th a twelvemonth earlier.

Revenue successful the 2nd 4th jumped astir 16% twelvemonth implicit year, reaching $11.08 billion.

The institution reported nett currency generated from operating activities during the 4th was $2.4 billion, up much than 84% from the prior-year period. Free currency travel besides grew, reaching $2.3 billion, a 91% increase. Netflix accrued its full-year escaped cash-flow guidance to betwixt $8 cardinal and $8.5 billion, up from astir $8 billion.

Netflix emphasized its second-quarter operating borderline of 34.1%, an betterment of astir 3 percent points from the anterior 4th and of astir 7 percent points from the year-earlier period.

However, it warned that "operating borderline successful the 2nd fractional of 2025 volition beryllium little than the archetypal fractional owed to higher contented amortization and income and selling costs associated with our larger 2nd fractional slate."

This is apt wherefore shares dipped astir 1% successful after-hours trading. The adjacent 2 quarters diagnostic a robust calendar of events, shows and films, specified arsenic the 2nd play of "Wednesday," the finale of "Stranger Things," "Happy Gilmore 2" and Guillermo del Toro's "Frankenstein."