Netflix’s net income leaps to $3.1 billion

The streaming giant earned $11.1 billion in revenue and $3.1 billion in net income in its second quarter, the company reported Thursday, exceeding Wall Street’s forecasts.

The company also said, in its biannual engagement report, that its subscribers watched more than 95 billion hours in the first half of 2025, a 1% increase from a year earlier.

The top hits from the second quarter included new seasons of recurring shows such as “Ginny & Georgia” and “Squid Game” and new shows such as “Sirens” and “The Four…