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Netflix surpassed Q2 earnings forecasts, boosted by "Squid Game" success, and raised its yearly revenue outlook.
Netflix reported second-quarter earnings above expectations, with earnings per share of $7.19 and revenue of $11.08 billion, driven by the global success of "Squid Game."
The company raised its full-year revenue forecast to between $44.8 billion and $45.2 billion, attributing the growth to healthy member growth, strong ad sales, and a weaker U.S. dollar.
Netflix is also expanding its advertising business and plans major releases including "Wednesday" and "Stranger Things" later this year.
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Netflix superó los pronósticos de ganancias del segundo trimestre, impulsado por el éxito de "Squid Game", y elevó sus perspectivas de ingresos anuales.