Older Netflix shows like Orange is the New Black and Ozark have racked up over 100 million hours so far in 2025, as its Q2 revenue passed $11 billion.

In its second-quarter earnings report, the streaming giant disclosed operating income of $3.8 billion and a margin of 34.1 percent, up double digits from a year ago.

Netflix stock has nearly doubled over the last 12 months to levels of about $1,270 currently. The rally has been driven by a crackdown on password sharing and the expansion of its advertising-supported tier.

Tom Rogers, Claigrid executive chairman and former NBC Cable president, joins 'Squawk Box' to discuss Netflix's quarterly earnings results, what's next for the streaming giant, state of the streaming wars,

Netflix has also shared its latest Engagement Report, covering the period between January and June 2025. Netflix Originals released before 2023 continue to be viewed. This includes shows like Orange Is the New Black, Ozark and Money Heist all had over 100 million hours viewed in the first half of 2025.

Wall Street analysts raise price targets on Netflix after strong Q2 earnings, citing robust revenue growth and ad-tech potential.

Netflix is due to report second-quarter results after the close of trading Thursday, with Wall Street eagerly anticipating a strong kickoff to media earnings season from the giant streamer. "Currently,

Netflix Q2 earnings test its ad push, live content bets, and 33% margin goal as the stock trades near record highs. Can it sustain its premium valuation?