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.
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U.S. Central Command said 101 commercial vessels have been redirected in the Strait of Hormuz, while oil prices rose more than three per cent amid fresh regional attacks and supply concerns.
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Here’s your AnewZ Daily Brief for the 15th of September 2026. These are the top five stories making headlines in the world of culture.
The Carolina Herrera fashion house celebrated its 45th anniversary with a vibrant runway show at New York's Fashion Week on Monday, presenting its spring 2027 collection against a backdrop of sunshine-coloured tulips.
The Emmy Awards delivered a night of familiar faces, surprise wins and a few milestones, with Apple TV’s horror comedy Widow’s Bay emerging as the biggest winner.
Astana, the capital of Kazakhstan, has become home to what organisers say is the world's largest competition dedicated to films made using artificial intelligence, after the Astana AI Film Festival (AAIFF 2026) attracted more than 8,000 entries from 125 countries.
The 83rd Venice Film Festival has opened on the Lido, bringing Hollywood stars and leading filmmakers together for a programme dominated by war, political violence, grief, power and the pressures shaping the modern world.
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