Netflix Inc. reported second-quarter earnings for 2025 that exceeded analyst expectations, with earnings per share (EPS) of $7.19 compared to estimates of around $7.07 to $7.08. Revenue for the quarter reached $11.08 billion, surpassing consensus estimates near $11.04 billion to $11.07 billion, marking a 16% year-over-year increase. The company also posted a net income of approximately $3.13 billion, up 46% from the previous year, and expanded its operating margin to 34%, up from 27% a year ago. Free cash flow rose 87% year-over-year to $2.27 billion. Netflix raised its full-year 2025 revenue guidance to a range of $44.8 billion to $45.2 billion, up from prior forecasts of $43.5 billion to $44.5 billion and above consensus estimates of about $44.5 billion. The company anticipates third-quarter revenue of $11.53 billion and EPS of $6.87, both above analyst expectations. Operating income for the third quarter is projected at $3.63 billion, with an expected operating margin increase to 29.5%. The revenue growth and margin improvements are attributed to member growth, higher subscription pricing, and increased advertising revenue. Netflix's stock had gained approximately 43% year-to-date prior to a modest decline following the earnings release.