The final season of global phenomenon "Squid Game" helped Netflix beat Wall Street earnings targets for the second quarter, and the streaming service raised its revenue guidance for the year.

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.

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