Netflix reported a strong second quarter with a 46% increase in profit to $3.1 billion and 16% rise in revenue to $11.08 billion. Management raised revenue forecast for the year, expecting more subscriber growth. While shares dropped 1% in extended trading, Netflix’s stock has risen 43% this year.

The streaming service received 120 Emmy nominations, second only to HBO Max. Popular shows like “Sirens,” “Ginny & Georgia,” and “The Four Seasons” were highlighted. Combined with sports events, Netflix retains subscribers despite price increases. Total subscribers have grown from 302 million in 2024, even without quarterly updates.

Netflix’s ad revenue is growing, on track to double from last year. Despite potential tariffs on global entertainment by Trump, Netflix emphasizes its commitment to the U.S. The company invested $125 billion in the U.S. from 2020-2024, expanding its production facilities in New Mexico and New Jersey.

Read more at Yahoo Finance: Netflix delivers another strong performance in second quarter while following a familiar script