Netflix (NFLX) declared profits from the first quarter that exceeded analysts’ expectations, sending higher actions in proding extended on Thursday.
The turnover of the streaming giant increased by more than 12% in annual sliding to $ 10.54 billion, above the Visible Alpha analyst’s consensus. A net profit of $ 2.89 billion, or $ 6.61 per share, increased from $ 2.33 billion, or $ 5.28 per share, a year earlier, beating Wall Street projections. The period marked the first Netflix quarter did not report the number of subscribers.
Netflix shares have increased by around 3% in exchanges after opening hours. They have increased by 9% for 2025 so far until Thursday’s fence.
Netflix gains occur while subscription prices increase
The better than expected results are partly due to a subscription and higher advertising revenues, said the company, as well as the expenses.
Netflix had increased the prices of its plans in January, hiking its advertising plan at $ 7.99, against $ 6.99 per month, the standard plan without advertising at $ 17.99, against $ 15.49 per month and its $ 24.99 premium plan, against $ 22.99 per month.
Netflix maintained its 2025 -dollar 43.5 billion 44.5 billion dollars’ 43.5 billion financial income projection. Analysts expected an average of $ 44.27 billion. The forecast of the company’s second quarter of the company of $ 11.04 billion exceeded the estimate of Wall Street of $ 10.91 billion.
The CO-PDG Greg Peters said that Netflix expects to double its advertising revenues this year, while the company is deploying its suite of advertising technologies. The rest is live in the United States and Canada, with 10 other markets expected in the coming months.
Earlier this week, Netflix leaders would have declared that their objective was to double the $ 39 billion in the company’s revenue last year by 2030 and reach a market capitalization of $ 1 Billion. The stock market capitalization of the streamer currently amounts to around $ 416 billion.
The leaders praise the resilience of Netflix in the middle of economic uncertainty
“We also comfort ourselves in the fact that entertainment has historically been fairly resilled in more difficult economic times,” said Peters when the company’s profits call on Thursday.
“Netflix, in particular, was also generally quite resilient and we have not seen any major impact during these most difficult moments, although of course a much shorter story,” he added.
The comments come after Morgan Stanley described the “first choice” company last week to resist the current price landscape.
Netflix also announced Thursday that Reed Hastings, the former CEO of the company, went from his role as executive chairman to the chairman of the board of directors and a position of non -executive director.
Update – April 17, 2025: This article has been updated since its publication for the first time to include additional information and reflect the values of more recent shares.
