Netflix profits top estimates because the company increases the sales forecast of the year of the year

Netflix (NFLX) exceeded the winning expectations in the second quarter, beat both on the upper and the lower line and increased its sales advice from the overall year, while the streamer continues to highlight under a technically controlled market rally.

Netflix recorded sales of 11.08 billion US dollars in the second quarter in the second quarter, an increase of 17.3% compared to the previous year and above the company's earlier instructions in the amount of $ 11.04 billion. The result per share (EPS) was $ 7.19 and exceeded Netflix's forecast of $ 7.03 and $ 4.88 a year ago.

Despite the blows, the shares in trading with after-hour fell by about 1%than the investors digested the results.

Some on the Wall Street had put Netflix's high rating in print. The share is currently with a 40 -fold forward profit, a remarkable premium for the wider market and even many of its technical colleagues. To date, the shares have increased by more than 40%.

With a view to the future, Netflix published optimistic instructions for the current quarter. The company expects sales to be achieved 11.53 billion US dollars, which provides the analysts of estimates of 11.28 billion US dollars. EPS is also expected to be expected via the above expectations of $ 6.87 compared to the analysts of USD 6.70.

For the year 2025, Netflix now expects sales between $ 44.8 billion and $ 45.2 billion, compared to its previous forecast from $ 44.5 billion to $ 44.5 billion.

“The majority of the increase in our sales forecast reflects the recent depreciation of the US dollar compared to most other currencies, whereby the remaining amount is due to the continued business dynamics, which is due to solid growth of members and the advertising sales,” said the company in the greeting.

Foreigners have already been expected to make it into profits as a tailwind. Since the beginning of the year, the US dollar index (DX-Y.NYB), which pursues the value of the dollar compared to a basket with large currencies, has decreased by around 10%.

The managers have pointed out the level supported by ad as long -term drivers for user growth and found on the profit call that the advertising sales show “nice dynamics”. The company expects the advertising income to double around 3 billion US dollars in 2025.

At the beginning of this year, Netflix raised prices in several plans in the United States, including the display plan, which still remains one of the cheapest levels on the market with $ 7.99 per month.

In May, Netflix announced that the ad supported by AD has reached 94 million global monthly users, which has an increase of 70 million in November.

“Similar to the last quarter, we carefully observe the consumer mood in the broader economy,” said Netflix Co-CEO GREG Peters about the call for profit. “But at this point in time there is really nothing important in the metrics and the indicators that we get directly from the shop.”