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.
Venezuela has released prominent Venezuelan-Spanish rights activist Rocío San Miguel and four other Spanish citizens, Spanish authorities said on Thu...
Türkiye’s UN envoy called on the international community on Thursday to maintain strong support for the elimination of Syria’s remaining chemical...
Georgia has said it will clarify the circumstances surrounding the U.S. seizure of a Russian‑flagged oil tanker in the North Atlantic and is seeking...
In a bold move to prioritise American interests, President Donald J. Trump has signed a Presidential Memorandum directing the withdrawal of the United...
The U.S. Department of Homeland Security has said it may deploy additional federal agents to Minnesota following the fatal shooting of a woman by an I...
Venezuela has released prominent Venezuelan-Spanish rights activist Rocío San Miguel and four other Spanish citizens, Spanish authorities said on Thursday, 8 January. Local rights groups report that promised releases of Venezuelan political prisoners are yet to materialise.
Türkiye’s UN envoy called on the international community on Thursday to maintain strong support for the elimination of Syria’s remaining chemical weapons, stressing that the task is both a legal obligation and a critical priority for regional security and humanitarian protection.
Georgia has said it will clarify the circumstances surrounding the U.S. seizure of a Russian‑flagged oil tanker in the North Atlantic and is seeking information on its Georgian crew members.
In a bold move to prioritise American interests, President Donald J. Trump has signed a Presidential Memorandum directing the withdrawal of the United States from 66 international organisations, including both non-United Nations entities and several UN-related bodies.
Open-source intelligence (OSINT) sources reported a significant movement of U.S. military aircraft towards the Middle East in recent hours. Dozens of U.S. Air Force aerial refuelling tankers and heavy transport aircraft were observed heading eastwards, presumably to staging points in the region.
Snow and ice stalled travellers in northwest Europe on Wednesday, forcing around a thousand to spend the night in Amsterdam's Schiphol airport but delighting others who set out to explore a snow-blanketed Paris on sledges and skis.
Diplomatic tensions between Tokyo and Beijing escalated as Japan slams China's export ban on dual-use goods. Markets have wobbled as fears grow over a potential rare earth embargo affecting global supply chains.
Two people have been killed after a private helicopter crashed at a recreation centre in Russia’s Perm region, Russian authorities and local media have said.
U.S. President Donald Trump has warned that Iran could face a strong response from the United States if its authorities kill protesters amid ongoing unrest.
Beyoncé has officially joined the billionaire club, becoming the fifth musician to reach a 10-figure fortune, Forbes reports.
Brigitte Bardot, the French actress whose barefoot mambo in And God Created Woman propelled her to international fame and reshaped female sexuality on screen, has died at the age of 91, her foundation said on Sunday.
Director James Cameron has shared the key reasons behind the global success of Avatar: Fire and Ash, the third installment in one of the highest-grossing film franchises of all time. In an interview with China Media Group in Hainan Province, Cameron spoke about the universal appeal of the film.
Tesla CEO Elon Musk has become the world’s richest individual, with a net worth of US$749 billion, after the Delaware Supreme Court reinstated $139 billion in stock options that were voided last year, according to Forbes’ billionaires index.
A rare pair of bright-green Nike “Grinch” sneakers worn and signed by the late NBA legend Kobe Bryant have gone on public display in Beverly Hills, ahead of an auction that could set a new record for sports memorabilia.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment