Netflix Reports 45% Increase in Profit for Q2
UNITED STATES, JUL 16 – Netflix expects strong Q2 revenue and earnings growth driven by recent price hikes and the ad-supported tier, which accounted for nearly half of U.S. subscriber growth through May, analysts say.
- After the closing bell Thursday, Netflix will unveil its Q2 results, with margin leverage driving EPS estimates higher.
- Earlier this year, price hikes and ad-tier expansion have underpinned expectations ahead of Netflix’s second-quarter results.
- LSEG forecasts EPS of $7.08 and revenue of $11.07 billion, and Netflix repurchased $3.5 billion in Q1 ’25, half of 2024’s share buybacks.
- On Wednesday, analysts maintained their ratings, with Alicia Reese reiterating an outperform and $1,400 target, while Jessica Reif Ehrlich kept a Buy and $1,490 goal.
- Looking ahead, consensus projects strong EPS and revenue gains, with Netflix’s move into live sports being well received.
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Netflix delivers another strong performance in second quarter
SAN FRANCISCO — Netflix on Thursday announced another quarter of steady growth as the video streaming service’s more than 300 million subscribers have become increasingly attractive to advertisers. It’s a familiar script that Netflix has followed for the past three years to widen its lead in video streaming. This, while delivering financial results that have
·Manila, Philippines
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Netflix delivers another strong performance in second quarter while following a familiar script
Netflix on Thursday announced another quarter of steady growth built upon its video streaming service’s more than 300 million subscribers.
·United States
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Leaning Left11Leaning Right0Center12Last UpdatedBias Distribution52% Center
Bias Distribution
- 52% of the sources are Center
52% Center
L 48%
C 52%
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