11:40 AM EDT, 07/15/2025 (MT Newswires) -- Netflix ( NFLX ) is expected to report Q2 results that meet or exceed its guidance on key metrics such as revenue, operating income and earnings per share, BofA Securities said in a note Tuesday.

The analysts said they expect revenue of $11.04 billion and operating income of $3.68 billion, both roughly in line with company guidance.

Meanwhile, a weaker US dollar during the quarter may also provide a small upside, the analysts said, adding that EPS are projected at $7.05, slightly above the company's guidance of $7.03.

BofA said that Netflix ( NFLX ) shares have risen about 42% year-to-date, driven by consistent earnings momentum, subscriber growth and defensiveness related to tariffs.

"We continue to view Netflix ( NFLX ) as well-positioned given the company's unmatched scale in streaming, further runway for subscriber growth, significant opportunities in advertising and sports/live, and continued earnings and free cash flow growth," the note said.

The analysts said the streaming service remains the dominant global subscription video-on-demand platform by viewership, and the remainder of the year's content slate is expected to reinforce this momentum, with high-profile returning series like Wednesday and Stranger Things, accompanied by new releases and major live events.

BofA reiterated its buy rating and $1,490 price target on Netflix ( NFLX ), which is set to report Q2 results on Thursday.

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