The final season of global phenomenon "Squid Game" helped Netflix top Wall Street earnings targets for the second quarter, the streaming service said on Thursday as it raised revenue guidance for the year.

Netflix released its semi-annual data dump on Thursday, and “Adolescence” and “Squid Game” emerged as the most-watched TV shows during the first half of 2025. ‘Adolescence’ and ‘Squid Game’ Emerge as Netflix’s Most-Watched TV Shows for the First Half of 2025

It’s not Squid Game — at least not according to the way Netflix ranks its programming. Adolescence, the critically acclaimed U.K. limited series that earned 13 Emmy nominations earlier this week, takes the crown with 144.8 million views worldwide since its March 13 premiere.