Netflix reported higher profit for the second quarter, surpassing analyst forecasts, while revenue growth aligned with expectations.
The California-based streaming company posted a net income of $3.1 billion, or $7.19 per share, for the April-June period, up 46% from the same quarter last year. Revenue increased 16% to $11.08 billion.
Netflix did not disclose any change in its subscriber count, maintaining its decision earlier this year to stop providing quarterly updates on total subscriptions. The company continues to have more than 300 million subscribers worldwide.
Management raised its full-year revenue forecast, citing confidence in its programming lineup and expectations of attracting more subscribers in the second half of the year.
“We’re incredibly excited about the back half of this year and confident that it keeps rolling in ’26,” said Ted Sarandos, co-CEO of Netflix, during a video conference with analysts Thursday.
The company highlighted the performance of recent titles, including “Adolescence,” which earned several Emmy nominations, and “K-pop Demon Hunters,” which sparked a new fan base. Earlier this week, Netflix programs received 120 Emmy nominations, further showcasing its strength in original content.
Netflix also reported that it invested about $125 billion in the United States between 2020 and 2024. The company pointed to its sound stages and production facilities in New Mexico and New Jersey as examples of its ongoing expansion in domestic production capacity.
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