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Pacific Islands reject missile test in 'blue continent'
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Indonesia says landfill fire near Jakarta extinguished
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Wallabies skipper Wilson has full faith in rookie flyhalf
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Spain aim for World Cup date with France by beating Belgium
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Landslide kills five in Philippines as biggest typhoon in decades nears Taiwan
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Bayeux Tapestry arrives in London after epic journey from France
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Modi visits New Zealand as trade deal sparks India pushback
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North Korea vows boost to nuclear buildup, military intelligence
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Bayeux Tapestry to arrive in London after epic journey from France
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H5 bird flu detected in Australian seabird for first time
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Syria authorities say captured IS-linked cell behind blasts
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Myanmar's pro-democracy revolution weakens five years on
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Table for one: how Japan's 'Solitary Gourmet' became a TV hit
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Hundreds flee homes in Taiwan ahead of biggest typhoon in decades
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Australia's Big Bash League to open season in India
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Asian stocks rally as SK hynix breathes life back into AI trade
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Disappointment at Morocco's World Cup exit cannot mask pride
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Humanitarians look to put the AI in aid
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In gas-rich Kazakhstan, many rely on lethal cylinders
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Indian haute couture presence 'overdue', says designer Manish Malhotra
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Chip titan SK hynix raises $26.5 bn in blockbuster US listing
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'Everyone' expects Spain to beat us, says Belgium coach
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Venezuela quake tragedy threatens to set back democratic transition
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France's Galthie says 'hot and cold' Australia still a threat
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Yamal's best 'yet to come,' warns Spain coach
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Mbappe warns 'a long way to go' for France at World Cup after reaching semis
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'Up to him' - Curry on chance that LeBron lands with Warriors
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Deschamps hails Mbappe after superstar fires France into World Cup semis
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Revamped Ireland wary of 'bang in form' Japan
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OpenAI number two Simo steps down to focus on health
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Morocco coach Ouahbi vows team will come back stronger after World Cup exit
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Iran buries Khamenei after new fighting with US erupts
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Rennie says Italy won't catch All Blacks off guard
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Can ageless Messi keep delivering for Argentina at World Cup?
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McIlroy encouraged by 'great start' to Scottish Open
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Chip titan SK hynix to raise $26.5 bn in blockbuster US listing
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England chase World Cup glory as Haaland allows Norway to dream
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Bayeux Tapestry begins epic journey from France to London
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'When it's Kylian, there's no problem': Deschamps after France into semis
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Mbappe, Dembele fire France past Morocco into World Cup semi-finals
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Mbappe strikes again as France beat Morocco to reach World Cup semi-finals
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Chip titan SK hynix readies for mega US listing
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Sick Olympic champion McKeown pulls out of Commonwealth Games, PanPacs
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Iyer says India in 'transition' after latest thrashing by England
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Traeen out of Tour de France after losing yellow jersey
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Iyer says India in 'transition' after latest England thrashing
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Ukrainian sports minister slams IOC's 'cynical' Russia decision
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Silencing World Cup hotshot Haaland vital, says England's O'Reilly
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Leonard return to Raptors on hold pending Clippers probe
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Australian sprint sensation Gout Gout set to miss rest of season
Netflix profits surge 45% off higher subscription prices
Netflix reported stronger than expected second-quarter results Thursday, with profit jumping 45 percent year-over-year as the streaming giant benefited from subscription price increases and a growing advertising business.
Revenue climbed 16 percent to $11.1 billion in the quarter ended June 30, beating analyst estimates and the company's own guidance, while net profit surged to $3.1 billion.
Netflix highlighted strong performance from its content offers in the quarter, with major hits including the third season of "Squid Game," which drew 122 million views.
It "has already become our sixth biggest season of any series in our history, with just a few weeks of viewing so far," the company said in a statement.
Other standout titles included the third season of "Ginny & Georgia" with 53 million views and "Sirens" with 56 million views.
There was also the animated film "KPop Demon Hunters" with 80 million views, which became "one of our biggest animated films ever" and generated a soundtrack that topped music charts globally.
"Korean content continues to be popular with our audience," the company said, pointing to the continued success of international programming that has become a hallmark of Netflix's global strategy.
Netflix expressed optimism about the second half of 2025, highlighting an upcoming slate that includes the highly anticipated second season of "Wednesday," the final season of "Stranger Things" and new films from major directors including Kathryn Bigelow and Guillermo del Toro.
The company has also announced plans to expand live programming with marquee boxing matches and NFL games, as it continues to diversify its content offerings beyond traditional on-demand entertainment.
Netflix shares have surged approximately 40 percent year-to-date as investors have responded positively to the company's shift toward profitability.
The company counted over 300 million subscribers last December, at the end of a particularly successful holiday season, when it had just gained almost 19 million new subscriptions.
But the company no longer discloses these figures, in order to focus on audience "engagement" metrics (time spent watching content).
In the quarter, Netflix continued to build out its advertising capabilities, saying that it expects to roughly double ads revenue in 2025, though it did not provide specific figures.
The service is forecasting $9 billion in revenues from its ad-based subscriptions by 2030.
C.Meier--BTB