Revenue
Earnings
Netflix has guided for earnings per share of $7.03 for Q2 2025, which indicates an increase of 44% YoY. Analysts are predicting EPS of $7.06. In Q1 2025, EPS increased 25% YoY to $6.61.
Points to note
Netflix expects its revenue in Q2 2025 to benefit from price changes and continued growth in membership and advertising revenue. The company’s price adjustments in large markets have been performing as expected and it is making progress in building its ads business. The ad-supported tier continues to yield benefits for the streaming service.
Netflix’s strong content slate will continue to be an advantage. The company has an interesting line-up for this year with returning shows and new ones. It continues to invest in original and regional content which has helped in driving solid engagement. This momentum can be expected in the second quarter as well.
Netflix expects net income of $3.05 billion for Q2 2025, which implies a 42% increase from Q2 2024. In Q1 2025, net income of $2.89 billion was up 24% YoY. The company has forecast operating income of $3.67 billion and operating margin of 33.3% for Q2 2025. This compares to operating income of $2.60 billion and operating margin of 27.2% in Q2 2024. In Q1 2025, operating income was $3.34 billion and operating margin was 31.7%.