In simpler terms, Netflix announced strong earnings for the first quarter of 2025 today. The company earned $6.61 per share, surpassing predictions of $5.71 per share, and brought in a revenue of $10.54 billion, slightly more than the forecasted $10.52 billion. Compared to the first quarter of 2024, their revenue for this year has increased by 13%.
After-hours trading saw Netflix (NFLX) shares surpass $1,000 per share following the announcement. During a conference call, when asked about the influence of the ongoing global trade war on their operations, Netflix’s co-CEO Greg Peters commented that, as of now, they haven’t observed anything particularly noteworthy.
For the first time, the company chose not to reveal their subscription figures during this quarter, aiming instead to emphasize their focus on revenue growth. The executives additionally highlighted the initial achievements of their ad-supported tier and mentioned ongoing efforts to enhance the analytical tools they provide for advertisers. Despite this, Netflix remains optimistic about its projected annual revenue of between $43.5 – $44.5 billion by 2025.
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2025-04-18 06:27