Netflix Posts Better-Than-Expected Earnings and Lifts Its Revenue Forecast

Netflix (NFLX) reported second-quarter earnings that topped analysts’ expectations, and lifted its full-year revenue forecast.

The streamer’s net income of $3.13 billion, or $7.19 per share, rose from $2.15 billion, or $4.88 per share, in the year-ago quarter, above analysts’ estimates compiled by Visible Alpha. Its revenue grew 15.9% year-over-year to $11.08 billion, in line with the analyst consensus.

The gains come after Netflix raised prices for its plans earlier this year, hiking its ad-supported plan to $7.99 from $6.99 per month in January, the standard ad-free plan to $17.99 from $15.49 a month, and its premium plan to $24.99 from $22.99 a month.

Looking ahead, the company raised its 2025 revenue projection to $44.8 billion to $45.2 billion, up from $43.5 billion to $44.5 billion previously. Analysts on average had expected $44.6 billion. The company’s third-quarter revenue forecast of $11.53 billion exceeded Wall Street’s estimate of $11.31 billion.

Netflix also reiterated its expectation that advertising revenue will double this year, as the company rolls out its ad tech suite. Netflix said it completed the rollout of its ad tech platform to all its advertising markets, after initially launching in the U.S. and Canada earlier this year.

Netflix shares were 2% lower in extended trading following the release. The stock was up over 40% for 2025 through Thursday’s close.

This article has been updated since it was first published to include additional information and reflect more recent share price values.