Valued at $514.6 billion, Netflix (NFLX) is no longer just a streaming giant. To maintain its leadership in a competitive and rapidly changing digital entertainment space, it is actively transforming into a next-generation entertainment platform that will leverage generative AI,

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's (NASDAQ:NFLX) second-quarter earnings beat expectations on top and bottom lines, and the streaming giant raised full-year revenue expectations. Shares of the company were down nearly 5% by midday on Friday.