Reported 23 days ago
Netflix's Q1 earnings report revealed a stronger than expected financial performance, with revenues increasing by over 12% to $10.54 billion and net income rising to $2.89 billion per share, thereby exceeding analyst predictions. Amid price hikes for its subscription plans, the company forecasts 2025 revenues between $43.5 billion and $44.5 billion and aims to double its advertising revenue. The stock rose approximately 3% in after-hours trading, continuing its positive trend for the year.
Source: YAHOO