Instant Reaction: Netflix Tops Wall Street Estimates
Bloomberg Surveillance
Bloomberg
4 • 1.1K Ratings
🗓️ 17 July 2025
⏱️ 18 minutes
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Summary
While rival media companies are unloading assets and cutting costs, Netflix Inc. continues to thrive.
The owner of the world’s most popular paid streaming service on Thursday reported second-quarter results that exceeded investor expectations in every major metric, saying revenue grew to $11.1 billion and earnings jumped to $7.19 a share. The company also raised its forecast for full-year sales and profit margins.
The second quarter is historically slow for Netflix, which typically adds more customers at the beginning and end of the year. But the company released a steady slate of popular shows, including two of the most-watched titles of the year — the third season of Ginny & Georgia and the final season of Squid Game. The company also benefited from a weaker dollar. More than two-thirds of its customers live outside the US.
For instant reaction and analysis, hosts Tim Stenovec and Norah Mulinda speak with Geetha Ranganathan, Bloomberg Intelligence Senior Media Analyst and Mark Douglas, CEO of MNTN.
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| 0:42.8 | Instant reaction and analysis from our 3,000 journalists and analysts around the world. |
| 0:49.5 | Netflix reported second quarter results that exceeded investor expectations. |
| 0:53.5 | It raised its forecast as well. |
| 0:55.2 | I want to bring in Githa Ranganathan. She's Bloomberg Intelligence Senior Media Analyst. She joins us from |
| 1:00.3 | New Jersey at Bloomberg Intelligence Headquarters. What is the most important metric that you watch |
| 1:05.8 | now that Netflix no longer reports subscribers or gives guidance on subscribers? |
| 1:11.9 | Yeah, the focus term has obviously changed from, you know, the subscriber metrics and |
| 1:17.0 | ARM or average revenue per member to broader financial metrics. |
| 1:21.3 | So really the two most, I think, important numbers that everybody looks for right now is |
| 1:25.4 | revenue growth and operating margin. And as you rightly |
| 1:29.9 | pointed out, the two Q numbers, Netflix surpassed expectations or the exceeded guidance on both |
| 1:36.1 | those accounts. So of course we see that they did beat on multiple metrics, even some of the loftiest |
| 1:42.6 | of expectations, raising their forecast, but we're |
| 1:45.0 | still seeing the street selling off on that. Do you think maybe this is some profit taking, |
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