Netflix has announced its Q2 earnings, with revenue rising by 16%, due to “higher subscription pricing and increased ad revenue”
Despite this increase, it’s the second quarter in a row that Netflix is not releasing quarterly updates on subscription data.
In a letter to shareholders, the company stated: “Our business continues to perform well. In Q2, we grew revenue 16% and our operating margin of 34% expanded seven points year over year. Both revenue and operating income were slightly above our guidance due primarily to F/X, net of hedging, and the timing of expenses.”
“We now forecast 2025 revenue of $44.8-$45.2B, up from $43.5-$44.5B, and a F/X neutral operating margin 1 of 29.5% (vs. 29% previously), or 30% on a reported basis. Our higher forecast primarily reflects the weakening of the US dollar vs. most other currencies, plus healthy member growth and ad sales.”
Moving forward, the company said, “We’re optimistic heading into the second half of the year, with a standout slate that includes Wednesday S2, the Stranger Things finale, the highly anticipated Canelo-Crawford live boxing match, Adam Sandler’s Happy Gilmore 2, Kathryn Bigelow’s A House of Dynamite and Guillermo del Toro’s Frankenstein.”
According to Netflix, all viewer regions experienced healthy year-over-year revenue growth.
Netflix’s forecast for Q3 is $11,526 billion sales, 17.3% growth.
Read our exclusive editorial on Netflix Co-CEO, Reed Hastings
By CEO NA Editorial Staff
