Netflix Raises Full-Year Revenue Forecast Amid Currency Tailwind, Operating Margin Climb

Netflix reported Q2 2025 revenue of $11.08bn, beating forecasts, with a 16% YoY increase. Earnings per share were $7.19, and net income surged to $3.1bn. Operating margin climbed to 34.1%, and cash generation was robust, prompting management to lift its full-year target to $8–8.5bn. A weaker US dollar contributed to the higher revenue forecast, driven by a decline in the US dollar index and a shift towards international revenue.

Netflix is set to release its Q3 earnings on October 21, following a strong Q2 performance. The streaming giant reported revenue of $11.08 billion, a 16% year-over-year (YoY) increase, beating forecasts. Earnings per share (EPS) were $7.19, and net income surged to $3.1 billion. Operating margin climbed to 34.1%, and cash generation was robust, prompting management to lift its full-year target to $8–8.5 billion. A weaker US dollar contributed to the higher revenue forecast, driven by a decline in the US dollar index and a shift towards international revenue, according to a Weekly Equities Forecast.

Expectations for Q3 are for EPS of $6.96, marking 29% YoY growth in revenue or $11.51 billion, up 17% compared to the same period last year. Membership growth is also expected to be robust, which, combined with price hikes and ad revenue doubling, points to a solid performance, the forecast adds.

Tesla will report its Q3 earnings on October 22. The company delivered 497,099 vehicles in Q3, beating forecasts and marking a new quarterly record. Earnings expectations had risen as a result of the impressive delivery numbers. Expectations for the September quarter earnings to show EPS declined $0.55, down from $0.72 in Q3 last year. Expected to have risen around 5 percent $26.58 billion in Q3. Margins could remain under pressure due to the tough competition Tesla faces and rising research costs, the Weekly Equities Forecast notes.

Lloyds Bank reports its Q3 earnings on October 23. The bank's share price has risen 51% year to date, significantly outperforming the FTSE 100. Expectations are for net interest income and revenue to rise strongly, but only a marginal increase in pre-tax profits and earnings. Net interest income is expected at £3.43 billion, marking a 6% annual increase. Revenue is forecast at £4.79 billion, a 10% rise from the same quarter a year earlier, whilst EPS is expected to be 1.97p up from 1.94p in Q3 2024, according to that forecast.