Perla Figuereo is the newest multi-millionaire. She won Squid Game: The Challenge Season 2 on November 18, 2025. The victory netted her a staggering $4.56 million. Netflix‘s hit reality competition crowned its champion after a grueling season.

The finale capped a global phenomenon. 456 players started the competition for the life-changing cash. Only one could survive the games and outlast everyone else.
Inside the High-Stakes Season 2 Finale
Perla, known as Player 72, faced four other finalists. The last challenges tested extreme physical and mental limits. According to Netflix, the final game was a dramatic return to “Red Light, Green Light.”
This iconic game decided the ultimate winner. Contestants Steven, Trinity, Vanessa, and Dajah were also in the final five. Each had survived weeks of intense strategic gameplay to get there.
Trinity self-eliminated in a shocking move before the final game. Vanessa and Dajah were eliminated during the final challenge. That left Perla as the last player standing.
How the Win Reshapes Streaming Competition
This victory marks a major moment for Netflix. The platform has solidified a new flagship reality franchise. The massive prize pool sets a new benchmark for the entire industry.
Traditional TV networks now face immense pressure. Audiences expect higher stakes and grander production. Netflix’s gamble on a big-budget competition format has paid off spectacularly.
The show’s international cast drove global viewership. Fans from dozens of countries tuned in daily. This proves the universal appeal of high-stakes human drama.
Perla Figuereo’s $4.56 million win proves reality TV’s power has shifted decisively to streaming platforms, changing the game for everyone.
Thought you’d like to know
How much money did the Squid Game Challenge winner get?
Perla Figuereo won a grand prize of $4.56 million. This is one of the largest cash prizes ever awarded on a reality competition series. The amount matches the prize from the show’s first season.
Will there be a Season 3 of Squid Game: The Challenge?
Yes, Netflix has already confirmed a third season is in development. The streaming service sees this as a major franchise. Casting and production plans are likely underway.
How can I watch Squid Game: The Challenge?
All episodes of Season 2 are available to stream exclusively on Netflix. This includes the full season and the finale revealing Perla as the winner. You need a Netflix subscription to watch.
Who were the other finalists in Season 2?
The other finalists were Steven (Player 183), Trinity (398), Vanessa (17), and Dajah (302). They were eliminated during the final challenges, leaving Perla as the sole survivor.
What was the final game in Season 2?
The final game was “Red Light, Green Light,” featuring the giant doll Younghee. This was a twist, as the game is typically the first challenge. It determined the ultimate winner.
Trusted Sources
Netflix Official, Parade Entertainment, TVLine, The Wrap
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