Netflix posts earnings beat as revenue grows 16% in second quarter

• Netflix posted second-quarter revenue growth of 16% on Thursday after the closing bell.
• The streamer raised is full-year revenue guidance citing “healthy” member growth and ad sales.
• Netflix reported revenue of $11.08 billion for the first quarter, higher than Wall Streets estimates of $11.07 billion, according to data compiled by LSEG.

Netflix posted an earnings beat Thursday, as revenue grew 16% during the second quarter of 2025.

The company updated its full-year revenue forecast, noting that it expects revenue to be between $44.8 billion and $45.2 billion, up from a range of $43.5 billion to $44.5 billion. Netflix's higher forecasts reflects the weakening of the U.S. dollar compare to other currencies as well as “healthy” member growth and ad sales, the company said in a statement.

Notably, this is the second quarter that Netflix is not releasing quarterly updates on subscription data.

“Year-over-year revenue growth was primarily a function of more members, higher subscription pricing and increased ad revenue,” the company said in a statement.

Here's how the company did, compared with estimates from analysts polled by LSEG:

• Earnings per share: $7.19 vs. $7.08, according to LSEG
• Revenue:$11.08 billion vs. $11.07 billion, according to LSEG

Net income for the period was $3.1 billion, or $7.19 per share, up from $2.1 billion, or $4.88 per share, during the same quarter a year earlier.

Revenue in the second quarter jumped nearly 16% year over year, reaching $11.08 billion.

Netflix particularly emphasized its second-quarter operating margin of 34.1%, an improvement of nearly 3 percentage points from the prior quarter and of nearly 7 percentage points from the year-earlier period.

However it warned “operating margin in the second half of 2025 will be lower than the first half due to higher content amortization and sales and marketing costs associated with our larger second half slate.”