The final season of the global hit 'Squid Game' has helped Netflix surpass Wall Street’s second-quarter earnings expectations, prompting the company to raise its full-year revenue forecast.
Despite the positive results, analysts noted that some investors had anticipated a stronger outlook, especially given the stock’s 44% rise earlier in the year. Shares dipped 1.8% in after-hours trading.
Netflix has been expanding its ad-supported offerings to attract cost-conscious users, although it maintains that advertising won't be a major revenue driver in 2025. The company has also added live programming, including WWE wrestling, to broaden its appeal.
For the April–June period, Netflix reported earnings per share of $7.19, exceeding the $7.08 forecast by LSEG analysts. It now projects 2025 revenue between $44.8 billion and $45.2 billion, slightly above its earlier guidance of up to $44.5 billion.
The update cites a weaker U.S. dollar, strong subscriber growth, and increasing ad sales. Still, some analysts, such as Investing.com’s Thomas Monteiro, felt the outlook remained overly cautious for a company valued so highly.
Netflix's net income for the quarter reached $3.1 billion, marginally beating expectations, while revenue stood at $11.08 billion, slightly surpassing projections.
The third and final season of 'Squid Game,' released just before the quarter ended, drew 122 million views, confirming its status as Netflix’s most-watched non-English show. Other popular releases included 'Sirens,' 'The Four Seasons,' and the latest season of 'Ginny & Georgia.'
The company has stopped revealing quarterly subscriber figures, encouraging investors to focus on profitability instead. It reported that subscriber growth exceeded expectations but came late in the quarter, limiting its impact on revenue.
Looking ahead, Netflix forecasts $11.5 billion in revenue and nearly $3 billion in net income for the next quarter, both slightly above analysts’ estimates. Anticipated new content includes season two of 'Wednesday' in August and the final season of 'Stranger Things' later in the year.
Chief Financial Officer Spencer Neumann said the company remains selective about acquisitions and prefers to grow by building its own assets, stating there's still significant room for expansion within its current strategy.
Leaders including Ukraine's Volodymyr Zelenskyy arrived at The Hague on Tuesday to launch an International Claims Commission to compensate Kyiv for hu...
As Prime Minister Narendra Modi embarks on his diplomatic tour to strengthen bilateral ties with Oman, Ethiopia, and Jordan, the significance of these...
Azerbaijan has long understood the importance of fostering strong relations with its Central Asian neighbours as the country is strategically located ...
European Commission President Ursula von der Leyen highlighted key developments in the ongoing peace efforts to end the war in Ukraine, stressing the ...
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 16th of December, covering the latest developments you need to...
As Prime Minister Narendra Modi embarks on his diplomatic tour to strengthen bilateral ties with Oman, Ethiopia, and Jordan, the significance of these relationships cannot be overstated.
President Donald Trump has filed a defamation lawsuit against the BBC over edited footage of a speech that made it appear he encouraged supporters to storm the U.S. Capitol 6 January 2021, marking an international extension of his ongoing battle against media coverage he deems inaccurate or biased.
Azerbaijan has long understood the importance of fostering strong relations with its Central Asian neighbours as the country is strategically located at the crossroads of Eastern Europe and Central Asia.
European leaders are searching for ways to keep Ukraine afloat as the war with Russia continues, and as financial support from the United States declines.
Russia’s human rights commissioner, Tatyana Moskalkova, has said that Ukraine has not provided Moscow with a list of thousands of children it alleges were taken illegally to Russia, despite the issue being discussed during talks in Istanbul.
Syrian President Ahmad al-Sharaa has offered condolences to President Donald Trump following an ISIS attack near the ancient city of Palmyra that killed two U.S. soldiers and a civilian interpreter, Syrian and U.S. officials said Sunday.
At least 17 people, including students, were killed and 20 others injured after a school bus fell off a cliff in northern Colombia on Sunday, authorities said.
At least 37 people have been killed in flash floods triggered by torrential rain in Morocco's Atlantic coastal province of Safi, Moroccan authorities said on Monday (15 December).
At least 37 people have died and dozens of others were injured after flash floods swept through Morocco’s Atlantic coastal city of Safi on Sunday, authorities said.
Iceland is has become the fifth country to withdraw from the 2026 Eurovision Song Contest.
UNESCO has unveiled the latest additions to its Intangible Cultural Heritage of Humanity list, celebrating a rich array of global traditions that reflect the importance of cuisine, festivals, and local customs.
The 2025 Nobel Peace Prize has been awarded to María Corina Machado, a prominent Venezuelan opposition leader, for her tireless efforts in advocating for democracy and a peaceful transition in Venezuela.
Italy is awaiting a ruling from UNESCO that could officially place its cuisine on the Intangible Cultural Heritage list, a recognition that would highlight the nation’s centuries-old culinary traditions. A final decision is expected on Wednesday (10 December).
Netflix’s plan to buy Warner Bros marks a rare moment in Hollywood where scale, risk and ambition collide. The agreement, announced on 5 December, puts a price of roughly 82.7 billion dollars on one of the film industry's most influential studios.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment