Netflix Inc (NASDAQ:NFLX, ETR:NFC) delivered another strong quarter of revenue and profit growth driven by the streaming giant’s hit content slate, price increases, and advertising growth.
Revenue increased 16% year-over-year to $11.08 billion, above the analyst consensus of $11.07 billion and the company’s guidance of $11.04 billion.
Earnings per share of $7.19 beat estimates of $7.08 and the company’s guidance of $7.03.
Netflix no longer reports its quarterly subscriber numbers.
The company also upped its revenue forecast to $44.8 billion to $45.2 billion, up from its earlier guidance of $43.5 billion to $44.5 billion.
The increase was attributed to the recent depreciation of the US dollar compared to most other currencies and continued business momentum, specifically member growth and ad sales.
The company now expects a 29.5% operating margin for 2025, up from its prior 29% forecast.
“We’re optimistic heading into the second half of the year, with a standout slate that includes Wednesday S2, the Stranger Things finale, the highly anticipated Canelo-Crawford live boxing match, Adam Sandler’s Happy Gilmore 2, Kathryn Bigelow’s A House of Dynamite and Guillermo del Toro’s Frankenstein,” the company said in a letter to shareholders.
Shares of Netflix pulled back about 1.1% to $1,260 afterhours following the release of its earnings report, likely as high expectations were already priced in and amid profit taking and investor caution given the company’s premium valuation.