1123 ET - Netflix's guidance raise following a strong 2Q report might still reflect some conservatism in its outlook, given the robustness of its content lineup and its growing ad revenue, JPMorgan analysts say in a research note. The raise looks primarily driven by forex tailwinds from the weakening of the U.S. dollar, they say. Subscriber growth also drove some of the outlook lift, though net additions in 2Q were weighted toward the end of the quarter, the analysts say. Strong advertising momentum also drove the lift, but off of a small revenue base, they say. The analysts think the stock could use a breather after their strong year-to-date performance. Shares fall 4.9%. (dean.seal@wsj.com)

(END) Dow Jones Newswires

July 18, 2025 11:23 ET (15:23 GMT)

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