Netflix delivered a big rhythm of results for the first quarter on Thursday, and its report seemed a little different this time.
No more specific numbers on quarterly subscription numbers, a change that streaming giant had previously announced.
The company’s revenues were $ 10.54 billion, slightly beating analysts’ expectations. Analysts interviewed by Bloomberg expected a turnover of $ 10.5 billion.
The operating profit was $ 3.3 billion greater than the Bloomberg estimate of $ 3 billion. The profit per share was $ 6.61, a big beat on the estimates of analysts of $ 5.68.
Streaming service shares were 4% higher in exchanges after opening hours.
The company has not changed its directives for 2025. It still provides income between $ 43.5 billion and $ 44.5 billion for the year, as well as an operating margin of 29%.
Netflix has added more new subscribers than analysts expected in recent quarters, partly thanks to new policies aimed at reducing password sharing. This pushed many of those who could have used identification information from a friend or family member to start paying for their own account.
From Thursday’s report, however, Netflix no longer provides quarterly updates to the number of new subscribers it has recorded.
Instead, Wall Street analysts are looking for details on advertising sales as well as Netflix plans for sporting content and creators to judge the company.
Advertising was an area where Netflix is trying to develop and compete with Amazon. Netflix launched its Ad Tech platform on April 1, he said in its profits announcement on Thursday and is “on the right track to deploy it in our remaining advertising countries in the coming months”.
Before a presentation at 4:45 p.m. on the results, analysts also sought the effects of the trade war and the rhetoric of President Donald Trump on other countries where Netflix operates, because some analysts had revised their growth expectations of subscribers for certain countries outside the United States in the Thursday play report.
Service has major growth plans: Netflix targets a market capitalization of $ 1 Billion by 2030, the Wall Street Journal reported on Monday.
Netflix shares have outlined wider indices and other important technological actions so far this year.
Viewers are likely to continue to look at Netflix programming – or even consume more – if the United States lies in recession, certain analysts said.
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