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Netflix earnings top forecasts despite economic turmoil [Yahoo! Finance]
Last netflix, inc. earnings: 4/21 04:00 pm
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US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
The streaming television service declared itself "off to a good start in 2025" with a profit of $2.9 billion on revenue of $10.5 billion in the first quarter of the year. Revenue grew thanks to higher subscription and ad earnings, along with the timing of some expenses, according to Netflix. Shares in the Silicon Valley-based company were up nearly three percent in after-market trades. "The will-they-or-won't-they tariff situation is destruction to many industries and will make entertainment more expensive to produce," said Emarketer senior analyst Ross Benes. "But Netflix is poised to withstand the strain better than most of its competitors, at least initially, due to its low reliance on ad revenues and its favorable cancellation rates compared to its peers." Netflix is paying close attention to consumer sentiment and the direction of the broader economy, co-chief executive Greg Peters told financial analysts on an earnings call. "We remain focused on the things that we
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