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Thursday, Netflix exceeded the expectations of Wall Street for quarterly results and offered a perspective of bullish income, signaling confidence in the middle of economic uncertainty surrounding the president Donald Trump Erratic tariff plans.
The company’s shares were almost stable in working hours at $ 970.10.
The streaming giant also said that its co-founder Reed Hastings had left his position as executive president to become the non-executive chairman of the board of directors, “part of the natural evolution of our leadership structure and our succession planning”.
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The co-founder of Netflix, Reed Hastings, left his post as executive president to become the non-executive president of the board of directors. (Michael M. Santiago / Getty Images / Getty Images)
Netflix reported Revenue of $ 10.54 billion for the first quarter, pouring the estimates of past analysts of $ 10.52 billion, according to data compiled by LSEG.
The profits diluted by share of $ 6.61 exceeded the consensual estimates of $ 5.71. The company has published successes such as the limited series “Adolescence” “Thriller Drama” Zero Day “and the unicated series” Island temptation “during the quarter.
| Teleprinter | Security | Last | Change | Change % |
|---|---|---|---|---|
| Nflx | Netflix inc. | 973.03 | +11.40 |
+ 1.19% |
For the future, the company provided that revenues would increase to $ 11.04 billion from April to June, above the analyst’s consensus of $ 10.90 billion, “driven mainly by members’ growth and higher prices”.
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Analysts have raised the possibility that Trump’s economic policies can lead to a recession that obliges consumers to reconsider their expenses in streaming.
Netflix declared a turnover of $ 10.54 billion for the first quarter, pouring the estimates of past analysts of $ 10.52 billion. (Nikos Pekiaridis / Nurphoto via Getty Images / Getty Images)
But Netflix is unlikely to see “a wave of unsubscription” given its strong market position and Popular content, Bank of America’s media analyst wrote Jessica Reif Ehrlich, although some subscribers concerned with costs can be negotiated at a cheaper price level.
Consumers have flocked to the level of Netflix at a lower price and supported by advertising since its launch at the end of 2022. Netflix said that this version of its service represents 55% of its new registrations in countries where it is available.
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Netflix dominates the streaming video market with more than 300 million global subscribers. In January, the company said it added a record of 18.9 million subscribers in the fourth quarter of 2024.
This quarter, Netflix refused to disclose subscribers’ figures in order to emphasize other performance measures, in particular Income and profit. Analysts said they thought the change reports slower growth in subscribers.
