Reported 22 days ago
In the first quarter of the year, Netflix outperformed analysts' expectations, continuing its momentum with substantial growth despite economic challenges posed by the trade war and rising tariffs. The company, which decided not to disclose subscriber numbers this quarter, reported earnings of $2.9 billion and revenue of $10.54 billion, exceeding forecasts. As the only major tech firm unaffected by tariffs so far, Netflix's stock rose by nearly 3% following its report, showcasing its resilience in a challenging economic landscape.
Source: YAHOO