As it rolls out a big second half of 2025 on the programming front, Netflix said it was raising its revenue forecast for 2025. The updated guidance calls for revenue between $44.8 billion and $45.2 billion, up from the previous target of $43.5 billion to $44.5 billion.

Netflix reported its second-quarter 2025 earnings Thursday and, as per its new custom, the results came sans new subscriber data. Wall Street forecast earnings per share (EPS) of $7.08 on $11.07 billion in revenue for the April-June quarter,

Netflix Q2 earnings test its ad push, live content bets, and 33% margin goal as the stock trades near record highs. Can it sustain its premium valuation?