"Netflix's revenue rose 15.9% year over year to $11.08 billion, with earnings hitting $7.19 per share, surpassing analyst expectations."
"The company raised its revenue forecast for 2025 to $44.8 billion to $45.2 billion, capitalizing on subscriber and advertising growth."
"Analysts are focusing on Netflix's strategy to grow through live sports and TV, which includes notable events like a Christmas Day NFL game."
"Live content is designed not only to increase subscriptions but also to create opportunities for Netflix's expanding advertising business."
Netflix achieved record-breaking revenue of $11.08 billion and earnings of $7.19 per share for the second quarter, surpassing analyst predictions. The company elevated its revenue forecast for 2025 to between $44.8 billion and $45.2 billion due to subscriber and advertising growth momentum. Analysts are monitoring Netflix's expansion into live sports, with scheduled events including a Christmas Day NFL game and a fight between Canelo Alvarez and Terrence Crawford. This live content strategy aims to boost subscriber numbers and expand the advertising revenue stream.
Read at Business Insider
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