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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Iran says no U.S. meeting is planned in Islamabad, despite Foreign Minister Abbas Araghchi arriving in the Pakistani capital. He is also set to visit Muscat and Moscow for regional consultations.
Two men were killed after the United States carried out a missile strike on a suspected drug-trafficking boat in the eastern Pacific Ocean on Friday (24 April), the military said.
The United States has issued an international warning accusing Chinese firms, including AI start-up DeepSeek, of allegedly stealing intellectual property from American artificial intelligence labs.
Argentina has reiterated its interest in resuming talks with the United Kingdom over the Falkland Islands, a disputed archipelago in the South Atlantic, after reports that an internal Pentagon email suggested reviewing Washington’s support for the UK’s claim amid tensions over the Iran war.
Two local trains collided head-on north of Copenhagen on Thursday (23 April), injuring 17 people, five of them critically, according to emergency services.
The U.S. military is redirecting at least three Iranian-flagged tankers after intercepting them in Asian waters near India, Malaysia and Sri Lanka, shipping and security sources said on Wednesday. Meanwhile, Tehran said U.S. breaches, blockades and threats are undermining “genuine negotiations.”
Diplomatic efforts to end the Iran war are intensifying, with the White House confirming that U.S. President Donald Trump will send special envoy Steve Witkoff and adviser Jared Kushner to Islamabad for talks with Iran under Pakistani mediation.
Russian emergency services have contained a major fire at the Tuapse oil refinery on the Black Sea coast, local officials said on Thursday, ending a four-day effort after a Ukrainian drone strike.
Slovenia’s national broadcaster RTV Slovenia has confirmed it will not air the Eurovision Song Contest 2026, joining a widening boycott over Israel’s participation.
Slovenia’s national broadcaster RTV Slovenia has confirmed it will not air the Eurovision Song Contest 2026, joining a widening boycott over Israel’s participation.
Warner Bros. Discovery shareholders have approved Paramount Skydance’s proposed takeover of the media group, advancing a deal valued at roughly $110 billion including debt in a move that could reshape Hollywood and the global entertainment industry.
The 2,500-year-old Golden Helmet of Coțofenești and two ancient gold bracelets have been returned to Romanian authorities after being stolen from a Dutch museum in January last year.
The architect of the modern K-pop boom, Bang Si-hyuk, is facing arrest by South Korean police over claims he illegally gained millions in an investor fraud scheme.
Musician D4vd has been charged with first-degree murder over the death of a teenage girl whose dismembered remains were found inside a car linked to him, prosecutors in Los Angeles County have said.
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