Video streaming giant Netflix, Inc. (NASDAQ: NFLX) reported a sharp increase in revenue and profit for the second quarter of fiscal 2025. The numbers also beat analysts’ estimates.
The company’s second-quarter revenue increased 15.9% to $11.08 billion from $9.56 billion in the comparable quarter of fiscal 2024, exceeding Wall Street’s expectations.
Net income was $3.13 billion or $7.19 per share in the second quarter, compared to $2.15 billion or $4.88 per share in the prior-year quarter. Earnings topped the market’s expectations.
For the third quarter of FY25, the management expects revenues to grow 17.3% year-over-year to $11.53 billion. The guidance for Q3 net income is $2.98 billion or $6.87 per share. Operating margin is expected to be 31.5% in the September quarter.
The management said it expects operating margin in the second half of 2025 to be lower than the first half due to higher content amortization and sales-and-marketing costs associated with the larger second-half slate. For 2025, the company raised its revenue forecast to $44.8-45.2 billion from the previous guidance of $43.5-44.5 billion.
