Netflix GAAP EPS of $7.19 beats by $0.12, raises FY25 revenue guidance

Netflix press release (NASDAQ:NFLX): Q2 GAAP EPS of $7.19 beats by $0.12.
Revenue of $11.08B (+15.9% Y/Y) beats by $20M.
Q2 revenue increased by 16% year over year (17% on a foreign exchange (F/X) neutral basis ). Year-over-year revenue growth was primarily a function of more members, higher subscription pricing and increased ad revenue. All regions experienced healthy year-over-year revenue growth, with each region posting double-digit F/X neutral increases. UCAN revenue growth accelerated year over year to 15% vs. 9% in Q1’25 due to the full quarter impact of price changes.
The company now forecast 2025 revenue of $44.8-$45.2B, up from $43.5-$44.5B vs $44.5B consensus, and a F/X neutral operating margin of 29.5% (vs. 29% previously), or 30% on a reported basis. Our higher forecast primarily reflects the weakening of the US dollar vs. most other currencies, plus healthy member growth and ad sales.
Guidance:

Q3 Revenue of $11.53B vs $11.28B consensus.

EPS of $6.87 vs $6.71 consensus.
Shares +1%.