Netflix delivered impressive second-quarter results, surpassing market forecasts and reinforcing its position as the leading streaming platform.

Revenue climbed 15.9% year-over-year to $11.08 billion, while earnings per share jumped 47% to $7.19. Both figures outpaced Bloomberg analysts’ estimates of $11.06 billion in revenue and $7.09 per share in earnings.

The company also raised its full-year 2025 revenue guidance to a range of $44.8–45.2 billion, driven by strong subscriber growth and expansion in its advertising business. Additionally, the weaker U.S. dollar against other currencies contributed positively to its outlook.

The “King” of Streaming

Wall Street continues to crown Netflix as the undisputed leader in streaming. The upbeat results come shortly after the release of the third and final season of Squid Game, which became the show’s most successful season with 122 million views.

Although Netflix stopped disclosing subscriber numbers last quarter—making user growth harder to track—data from analytics firm Antenna suggests that monthly new subscriptions in the U.S. have declined after peaking earlier in the year.

Analysts are now focused on how Netflix continues to expand through live sports broadcasts, television programming, and creative partnerships. Live content serves a dual purpose: attracting new subscribers while opening more opportunities for advertising revenue. The company expects its advertising income to double in 2025. It also plans to roll out interactive ads in the second half of the year, according to co-CEO Greg Peters during Thursday’s earnings announcement.