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Netflix: Q2 2025 Performance and Outlook

18 Jul 2025

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This document is Netflix's Q2 2025 Shareholder Letter and Forecast, providing a comprehensive overview of the company's financial performance, strategic initiatives, and future outlook. It highlights strong revenue growth and expanded operating margins, attributing success to factors like foreign exchange rates, subscriber growth, and advertising sales. The letter also details successful content releases from various regions, product enhancements like the redesigned TV homepage, and advancements in their advertising business. Financial tables offer detailed breakdowns of revenue, income, and cash flow, alongside regional performance and a reconciliation of non-GAAP financial measures.

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