Netflix's (NASDAQ:NFLX) second-quarter earnings beat expectations on top and bottom lines, and the streaming giant raised full-year revenue expectations. Shares of the company were down nearly 5% by midday on Friday.

Older Netflix shows like Orange is the New Black and Ozark have racked up over 100 million hours so far in 2025, as its Q2 revenue passed $11 billion.

Netflix ( NFLX -5.10%) stock dropped 4.5% in early trading as of 9:40 a.m. ET, despite beating on earnings last night. Heading into the report, analysts forecast Netflix would earn $7.06 per share on just over $11 billion in revenue. In fact, Netflix earned $7.19 per share on just under $11. 1 billion, thus beating on both top and bottom lines.

In its second-quarter earnings report, the streaming giant disclosed operating income of $3.8 billion and a margin of 34.1 percent, up double digits from a year ago.

What to expect from Netflix Q2 earnings and a Cover Story deep dive on Trump's war on truth are the features in today's 'Daily Variety' podcast.

Streaming giant Netflix, Inc. (NFLX), which has stayed resilient amid the Trump tariff turbulence, is set to report its quarterly results after the market closes on Thursday. Netflix stock has gained over 40% this year,

FY25 results exceeded expectations, with strong revenue and operating income growth. Click here to read an analysis of NFLX stock now.

Ahead of Netflix's Q2 2025 earnings, a recent survey suggests it could raise prices again and the majority of customers would be OK with that.