Latest news with #TheFourSeasons
Yahoo
2 days ago
- Business
- Yahoo
Strangers Things have happened: Netflix profits soar but investors are not happy
Netflix has been running lines from a similar script for the past three years: widening its lead in video streaming while delivering financial results that have easily exceeded the analyst projections that steer investors. While Netflix's profit eclipsed Wall Street's expectations by a wide margin in the April-June quarter, its revenue came in right around the bar set by analysts. The Los Gatos, California, company earned $3.1 billion (€2.7bn), or $7.19 per share, a 46% increase from the same time last year. Revenue rose 16% to $11.08bn (€9.5bn). Management also slightly raised its revenue forecast for the entire year—between $44.8bn (€38.5bn) and $45.2bn (€38.8bn), up from the $43.5bn (€37.4bn) to $44.5bn (€38.2bn) it had forecast previously. "Our higher forecast primarily reflects the weakening of the US dollar vs. most other currencies, plus healthy member growth and ad sales," said the statement. "We're really incredibly excited about the back half of this year and confident that it keeps rolling in '26," Netflix co-CEO Ted Sarandos added. The weakening dollar boosted the results in the past quarter, too, but as the management was hastily underlining, fundamentals were also supporting it strongly. "We've got healthy member growth, and that even picked up nicely at the end of Q2, a bit more than we expected," Spencer Adam Neumann, Chief Financial Officer told analysts during a Thursday video conference. Although he believes Netflix remains "perfectly positioned to keep thriving," analyst Thomas Monteiro said investors were disappointed that the company didn't boost its full-year guidance for revenue and its profit margins by even more against the backdrop of its accelerating momentum. Related Netflix profit jumps as price hikes and subscription growth beat expectations Netflix and France's TF1 join forces as traditional TV struggles Netflix's shares were down by more than 1.8% in after-hours trading, indicating investors expected an even more robust performance. But that is a minor stumble, given Netflix's stock price has soared 43% this year. The stock's strong run began during the second half of 2022 when the company introduced a low-priced version of its service with commercial interruptions as an antidote to an abrupt downturn in subscribers. The video streaming service is also faring well in Hollywood, as evidenced by the 120 Emmy nominations showered upon its programs earlier this week – second only to HBO Max. In the past quarter, Netflix hailed "Sirens," "Ginny & Georgia" and "The Four Seasons" as being among its most-watched programming. The popularity of Netflix's scripted programming combined with weekly World Wrestling Entertainment spectacles, high-profile boxing matches and periodic National Football League games has enabled its service to retain subscribers while its prices rise, including on the cheapest tier. Netflix stopped providing quarterly updates on its total subscribers at the beginning of this year, but the company's revenue growth leaves no doubt that the number has grown from the 302 million reported at the end of 2024. How Netflix is turning into an advertising magnet Although Netflix still isn't selling enough commercials to require a disclosure of its advertising revenue, management continues to highlight the growth in its results. Netflix said its ad revenue for this year is on pace to double from last year. Unlike most major tech companies, Netflix has had the benefit of peddling a service that so far has avoided being whipsawed by President Donald Trump's fluctuating trade war. But Trump has threatened to introduce tariffs on entertainment made outside the US, a move that could hit Netflix especially hard because of its global reach. In an apparent olive branch for the president, Netflix made the unusual move of citing its commitment to the US in its quarterly shareholder letter. The company disclosed that it had invested an estimated $125bn (€107.6bn) in the US from 2020-2024 and cited sound stages and production facilities in New Mexico and New Jersey as examples of its ongoing expansion in its home country. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Strangers Things have happened: Netflix profits soar but investors are not happy
Netflix has been running lines from a similar script for the past three years: widening its lead in video streaming while delivering financial results that have easily exceeded the analyst projections that steer investors. While Netflix's profit eclipsed Wall Street's expectations by a wide margin in the April-June quarter, its revenue came in right around the bar set by analysts. The Los Gatos, California, company earned $3.1 billion (€2.7bn), or $7.19 per share, a 46% increase from the same time last year. Revenue rose 16% to $11.08bn (€9.5bn). Management also slightly raised its revenue forecast for the entire year—between $44.8bn (€38.5bn) and $45.2bn (€38.8bn), up from the $43.5bn (€37.4bn) to $44.5bn (€38.2bn) it had forecast previously. "Our higher forecast primarily reflects the weakening of the US dollar vs. most other currencies, plus healthy member growth and ad sales," said the statement. "We're really incredibly excited about the back half of this year and confident that it keeps rolling in '26," Netflix co-CEO Ted Sarandos added. The weakening dollar boosted the results in the past quarter, too, but as the management was hastily underlining, fundamentals were also supporting it strongly. "We've got healthy member growth, and that even picked up nicely at the end of Q2, a bit more than we expected," Spencer Adam Neumann, Chief Financial Officer told analysts during a Thursday video conference. Although he believes Netflix remains "perfectly positioned to keep thriving," analyst Thomas Monteiro said investors were disappointed that the company didn't boost its full-year guidance for revenue and its profit margins by even more against the backdrop of its accelerating momentum. Related Netflix profit jumps as price hikes and subscription growth beat expectations Netflix and France's TF1 join forces as traditional TV struggles Netflix's shares were down by more than 1.8% in after-hours trading, indicating investors expected an even more robust performance. But that is a minor stumble, given Netflix's stock price has soared 43% this year. The stock's strong run began during the second half of 2022 when the company introduced a low-priced version of its service with commercial interruptions as an antidote to an abrupt downturn in subscribers. The video streaming service is also faring well in Hollywood, as evidenced by the 120 Emmy nominations showered upon its programs earlier this week – second only to HBO Max. In the past quarter, Netflix hailed "Sirens," "Ginny & Georgia" and "The Four Seasons" as being among its most-watched programming. The popularity of Netflix's scripted programming combined with weekly World Wrestling Entertainment spectacles, high-profile boxing matches and periodic National Football League games has enabled its service to retain subscribers while its prices rise, including on the cheapest tier. Netflix stopped providing quarterly updates on its total subscribers at the beginning of this year, but the company's revenue growth leaves no doubt that the number has grown from the 302 million reported at the end of 2024. How Netflix is turning into an advertising magnet Although Netflix still isn't selling enough commercials to require a disclosure of its advertising revenue, management continues to highlight the growth in its results. Netflix said its ad revenue for this year is on pace to double from last year. Unlike most major tech companies, Netflix has had the benefit of peddling a service that so far has avoided being whipsawed by President Donald Trump's fluctuating trade war. But Trump has threatened to introduce tariffs on entertainment made outside the US, a move that could hit Netflix especially hard because of its global reach. In an apparent olive branch for the president, Netflix made the unusual move of citing its commitment to the US in its quarterly shareholder letter. The company disclosed that it had invested an estimated $125bn (€107.6bn) in the US from 2020-2024 and cited sound stages and production facilities in New Mexico and New Jersey as examples of its ongoing expansion in its home country. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Euronews
2 days ago
- Business
- Euronews
Netflix delivers steady growth but disappoints in its outlook
Netflix has been running lines from a similar script for the past three years: widening its lead in video streaming while delivering financial results that have easily exceeded the analyst projections that steer investors. While Netflix's profit eclipsed Wall Street's expectations by a wide margin in the April-June quarter, its revenue came in right around the bar set by analysts. The Los Gatos, California, company earned $3.1 billion (€2.7bn), or $7.19 per share, a 46% increase from the same time last year. Revenue rose 16% to $11.08bn (€9.5bn). Management also slightly raised its revenue forecast for the entire year—between $44.8bn (€38.5bn) and $45.2bn (€38.8bn), up from the $43.5bn (€37.4bn) to $44.5bn (€38.2bn) it had forecast previously. "Our higher forecast primarily reflects the weakening of the US dollar vs. most other currencies, plus healthy member growth and ad sales," said the statement. "We're really incredibly excited about the back half of this year and confident that it keeps rolling in '26," Netflix co-CEO Ted Sarandos added. The weakening dollar boosted the results in the past quarter, too, but as the management was hastily underlining, fundamentals were also supporting it strongly. "We've got healthy member growth, and that even picked up nicely at the end of Q2, a bit more than we expected," Spencer Adam Neumann, Chief Financial Officer told analysts during a Thursday video conference. Although he believes Netflix remains "perfectly positioned to keep thriving," analyst Thomas Monteiro said investors were disappointed that the company didn't boost its full-year guidance for revenue and its profit margins by even more against the backdrop of its accelerating momentum. Netflix's shares were down by more than 1.8% in after-hours trading, indicating investors expected an even more robust performance. But that is a minor stumble, given Netflix's stock price has soared 43% this year. The stock's strong run began during the second half of 2022 when the company introduced a low-priced version of its service with commercial interruptions as an antidote to an abrupt downturn in subscribers. The video streaming service is also faring well in Hollywood, as evidenced by the 120 Emmy nominations showered upon its programs earlier this week – second only to HBO Max. In the past quarter, Netflix hailed "Sirens," "Ginny & Georgia" and "The Four Seasons" as being among its most-watched programming. The popularity of Netflix's scripted programming combined with weekly World Wrestling Entertainment spectacles, high-profile boxing matches and periodic National Football League games has enabled its service to retain subscribers while its prices rise, including on the cheapest tier. Netflix stopped providing quarterly updates on its total subscribers at the beginning of this year, but the company's revenue growth leaves no doubt that the number has grown from the 302 million reported at the end of 2024. How Netflix is turning into an advertising magnet Although Netflix still isn't selling enough commercials to require a disclosure of its advertising revenue, management continues to highlight the growth in its results. Netflix said its ad revenue for this year is on pace to double from last year. Unlike most major tech companies, Netflix has had the benefit of peddling a service that so far has avoided being whipsawed by President Donald Trump's fluctuating trade war. But Trump has threatened to introduce tariffs on entertainment made outside the US, a move that could hit Netflix especially hard because of its global reach. In an apparent olive branch for the president, Netflix made the unusual move of citing its commitment to the US in its quarterly shareholder letter. The company disclosed that it had invested an estimated $125bn (€107.6bn) in the US from 2020-2024 and cited sound stages and production facilities in New Mexico and New Jersey as examples of its ongoing expansion in its home country.
Time of India
2 days ago
- Entertainment
- Time of India
Netflix's net income leaps to $3.1 billion
Academy Empower your mind, elevate your skills It's yet another winning quarter for streaming giant earned $11.1 billion in revenue and $3.1 billion in net income in its second quarter, the company reported Thursday, exceeding Wall Street's company also said, in its biannual engagement report, that its subscribers watched more than 95 billion hours in the first half of 2025, a 1% increase from a year top hits from the second quarter included new seasons of recurring shows such as "Ginny & Georgia" and "Squid Game" and new shows such as "Sirens" and "The Four Seasons" and films including Tyler Perry's "Straw" and "Nonnas," starring Vince Vaughn. The company's animated film " KPop Demon Hunters " generated 80 million views and has become one of its most popular in that second quarter also reaffirmed the company's commitment to its live programming. It announced plans for a reboot of the popular 1980s talent competition show "Star Search" in 2026 and for a middleweight boxing match between Canelo Alvarez and Terence Crawford this year. And its all-female fight night, headlined by Katie Taylor vs. Amanda Serrano, which aired last week, generated 6 million viewers worldwide, a far cry from the numbers generated from the enormous Mike Tyson vs. Jake Paul spectacle last year but a record-setter as the most-watched female sports event in 2025."Netflix's announcements this past quarter make it look like a traditional TV network," Mike Proulx, a research director at the analytics company Forrester, said in a streaming giant is also riding high on this week's Emmy nominations, racking up 120 across 44 different titles. The out-of-nowhere British drama "Adolescence" nabbed 13 nominations, including best limited series or anthology. (The company's haul was bested only by HBO Max, which brought in 142 nominations.)Later this year, the company will release the final season of "Stranger Things," a new season of "Wednesday" and movies including Guillermo del Toro's "Frankenstein," Kathryn Bigelow's "A House of Dynamite" and a sequel to Adam Sandler's "Happy Gilmore."Overall viewership of Netflix rose in June, according to Nielsen. Netflix's share of all TV use totaled 8.3%, a jump of close to 1% since May, but still smaller than YouTube, which accounted for 12.8% of all results, near the start of the earnings season, are often seen as the harbinger for other corporate results. The company said in its shareholder letter that it was raising its revenue guidance for the full year based on "healthy member growth and ad sales."Its ad-supported member tier, which increased to $7.99 from $6.99 at the beginning of the year, has been of great interest to Wall Street, even though the company has previously said it does not expect it to be a big revenue driver in 2025.
The Star
2 days ago
- Business
- The Star
'Squid Game' boosts Netflix quarter, company raises revenue guidance
FILE PHOTO: A performer dressed as a 'Squid Game' soldier stands in front of the Netflix and Squid Game logos before a parade through central Seoul, followed by a fan event with cast to celebrate the release of the third season of Netflix's hit series, in Seoul, South Korea, June 28, 2025. REUTERS/Kim Soo-hyeon/File Photo LOS ANGELES (Reuters) -The final season of global phenomenon "Squid Game" helped Netflix beat Wall Street earnings targets for the second quarter, and the streaming service raised its revenue guidance for the year. Some investors had hoped for more from the dominant movie and TV streaming service, analysts said. Netflix shares had risen nearly 44% this year ahead of the earnings report on Thursday. The stock fell 1.8% to $1,251.86 in after-hours trading. Netflix has been building an ad-supported service to reel in price-sensitive viewers, though it has said advertising will not be a primary driver of revenue growth this year. The company also has added live events such as WWE wrestling to draw advertisers and viewers. For April through June, Netflix posted diluted earnings per share of $7.19. That topped the $7.08 consensus estimate of analysts polled by LSEG. The company raised revenue guidance for 2025 to $44.8 billion to $45.2 billion, citing the weakening of the U.S. dollar plus "healthy member growth and ad sales." Its previous guidance was up to $44.5 billion. analyst Thomas Monteiro said investors were expecting "a much stronger upward revision" to 2025 guidance. "The full-year outlook now feels quite conservative, which is problematic for a stock priced for perfection," Monteiro said. "At this stage, the company appears overly dependent on further price increases — at least through 2026 — to drive revenue," he added. For the just-ended quarter, net income came in at $3.1 billion, edging forecasts of $3.06 billion. Revenue totaled $11.08 billion, above the $11.07 billion analyst projection. Netflix released the third and final season of dystopian Korean drama "Squid Game" a few days before the second quarter ended in June. The show is the most popular non-English Netflix show in the streaming service's history. Season three racked up 122 million views, Netflix said. Other releases during the quarter included "Sirens," "The Four Seasons" and a third season of "Ginny & Georgia." The streaming video pioneer stopped disclosing quarterly subscriber numbers this year, instead urging investors to focus on profit as a measure of its success. It said member growth was ahead of its forecast but occurred late in the quarter, which limited the impact on second-quarter revenue. Looking ahead, Netflix forecast revenue of $11.5 billion and net income of nearly $3 billion. Analysts had projected $11.3 billion and $2.9 billion, respectively. The company has new seasons of two of its biggest shows coming later this year. "Wednesday" returns in August, and the final episodes of "Stranger Things" will be released in November and December. Chief Financial Officer Spencer Neumann, asked about the company's view on acquiring assets from other media companies, said Netflix would be "choosy." "We've historically been more builders than buyers, and we continue to see big runway for growth without fundamentally changing that playbook," Neumann said during a post-earnings video. (Reporting by Lisa Richwine and Dawn Chmielewski in Los Angeles; Additional reporting by Akash Sriram and Kritika Lamba in Bengaluru; Editing by Matthew Lewis)
