WASHINGTON: Membership growth, pricing actions and rising advertising revenue boosted earnings and revenue in the second quarter for US streaming service Netflix, the company reported on Thursday, reported German news agency dpa.
Second-quarter net income increased to US$3.40 billion or US$0.80 per share, from US$3.13 billion or US$0.72 per share a year ago.
Revenue rose 13 per cent to US$12.56 billion from US$11.08 billion last year, in line with the company’s guidance.
Operating income climbed to US$4.19 billion from US$3.77 billion a year earlier, while operating margin was 33.4 per cent, compared with 34.1 per cent in the prior-year quarter.
By region, revenue increased 10 per cent in the US and Canada, 14 per cent in Europe, the Middle East and Africa, 21 per cent in Latin America and 16 per cent in Asia-Pacific.
For the third quarter, Netflix expects revenue of US$12.86 billion, operating income of US$4.27 billion, net income of US$3.45 billion and earnings per share of US$0.82.
The streaming giant narrowed its full-year 2026 revenue forecast to US$51.0 billion-US$51.4 billion, while reaffirming its operating margin outlook of 31.5 per cent.
–BERNAMA-dpa
