Netflix reported its second-quarter 2025 earnings Thursday and, as per its new custom, the results came sans subscriber data.

In its second-quarter earnings report, the streaming giant disclosed operating income of $3.8 billion and a margin of 34.1 percent, up double digits from a year ago.

As it rolls out a big second half of 2025 on the programming front, Netflix said it was raising its revenue forecast for 2025. The updated guidance calls for revenue between $44.8 billion and $45.2 billion, up from the previous target of $43.5 billion to $44.5 billion.

Netflix exceeds Q2 expectations, but stock dips as FX gains, not operational outperformance, drive results. Read more for challenges ahead in 2H24 for NFLX stock.

Netflix stock is trading lower today despite reporting better-than-expected Q2 earnings and raising its annual guidance. The stock’s rich valuation leave little on the table in terms of upside potential.

The final season of Squid Game boosts Netflix’s Q2 earnings, but investors remain cautious as growth expectations taper.

Netflix (NFLX) reports strong Q2 earnings with 16% revenue growth and raised full-year forecasts. Explore financials, cash flow, and ad-supported strategies.

Netflix beats analyst estimates for revenue and earnings per share in the second quarter. A look at the key highlights.

The streaming platform on Thursday raised its 2025 revenue outlook and expects to be in the range of $44.8 billion to $45.2 billion, broadly helped by a weaker dollar, compared to its previous forecast range of $43.