Netflix (NFLX, Financials) is set to release its second-quarter earnings after the bell Thursday, with investors watching closely for signs that recent price hikes and its advertising-supported tier are driving results as expected.

Netflix reported its second-quarter 2025 earnings Thursday and, as per its new custom, the results came sans subscriber data.

As it rolls out a big second half of 2025 on the programming front, Netflix said it was raising its revenue forecast for 2025. The updated guidance calls for revenue between $44.8 billion and $45.2 billion, up from the previous target of $43.5 billion to $44.5 billion.