Netflix sees Q3 EPS $6.87, consensus $6.63

Sees Q3 revenue $11.53B, consensus $11.26B. Netflix (NFLX) said in its quarterly letter to investors: “In Q3’25, we expect revenue growth of 17% (on both a reported and F/X neutral basis) driven by growth in members, pricing and advertising revenue. We project operating margin of 31%, a two percentage point year-over-year improvement. Similar to past years, we expect our operating margin in the second half of 2025 will be lower than the first half due to higher content amortization and sales and marketing costs associated with our larger second half slate.”