"Netflix reported a 16% revenue increase to $11.1 billion with a 46% rise in net income to $3.1 billion in Q2, outperforming analysts' forecasts."
"The company anticipates an increase in total revenue growth to 17% in Q3 and adjusted its 2025 revenue projections, estimating earnings of up to $45.2 billion."
"The ad-supported tier has attracted over 94 million active users, showcasing significant traction and contributing to the expected doubling of ad revenue by 2025."
Netflix experienced significant growth in the second quarter with a 16% rise in revenue to $11.1 billion and a 46% increase in net income to $3.1 billion, surpassing analyst projections. The company's advertising business, launched in November 2022, is expected to contribute significantly to future revenues, with $2.07 billion projected in 2023. Over 94 million users are engaging with the ad-supported tier, and Netflix anticipates further revenue growth, projecting $44.8 billion to $45.2 billion for full-year 2025. Plans aim at increasing ad revenue and expanding its subscriber base globally.
Read at Miami Herald
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