It’s yet another winning quarter for Netflix.
The streaming giant earned $11.1 billion in revenue and $3.1 billion in net income in its second quarter, the company reported on Thursday, exceeding Wall Street’s forecasts.
The company also said, in its biannual engagement report, that its subscribers watched over 95 billion hours in the first half of 2025, a 1 percent increase from a year earlier. The action film “Back in Action,” starring Cameron Diaz and Jamie Foxx, was the most watched during that period, and the British drama “Adolescence” was the most-watched television show.
The top hits from the second quarter included new seasons of recurring shows like “Ginny & Georgia” and “Squid Game” and new shows like “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 category.
Netflix’s 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 six 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 statement.
The 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.)
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