Netflix has been able to dodge the impact of Trump’s tariffs: Here’s how

Gregory Peters participating in Netflix is ​​not concerned with direct broadcasting service despite the increasing concerns about the economy, saying that the entertainment industry has proven to be “flexible” in difficult periods.

“We also rest some comfort in the fact that the historically entertainment was very flexible in the most stringent economic times,” Peters said in the company’s profit report in the first quarter. He added that “Netflix specifically was also completely flexible, and we have not seen any major effects during those more striking times, albeit, of course, on a much shorter history.”

This comes when analysts wonder whether president Donald Trump’s tariff could pushing the United States to stagnate, forcing consumers to reconsider their spending on broadcasting services.

“We also rest some comfort in the fact that historically entertainment was largely flexible in the most stringent economic times,” said Gregory Peters at Netflix. (With the permission of Comcast / Fox News)

Netflix gets 70 million active users per month on the advertising plan

However, Peters said that the company’s low -cost advertising plan, starting at $ 7.99, is available in its largest market “also gives us more flexibility.”

The low -price layer, which was launched in late 2022, has proven popular among consumers, as it represents 55 % of its new records in the countries where they are available.

Netflix quarterly results won the Wall Street goals, and the revenue expectations are optimistic

Peters said that the company pays attention to “consumer feelings and where the wider economy moves”, but there is nothing important to be noted.

During the three -month period ending in March, Peters said that the retaining of customers was “stable and strong.”

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He also added that the latest price changes in the company were compatible with expectations and that “participation is still strong and healthy.”

Netflix exceeded Wall Street’s expectations for a quarterly results and offered the up expectations of the upcoming revenue on Thursday, indicating confidence amid economic uncertainty.

NETFLIX mentioned Revenue of 10.54 billion dollars for the first quarter, increasing from the estimates of analysts of $ 10.52 billion, according to the data collected by LSEG.

Lowering profits per share of $ 6.61 exceeded $ 5.71. The company has released successes such as the Movence and Drama Thrio Day series and the non -encrypted “Temptation Island” series during the quarter.

The company will expect the revenues to rise to $ 11.04 billion for April to June, above the consensus of the analysts of $ 10.90 billion, “driven primarily due to membership growth and high prices.”

Netflix recorded revenues of $ 10.54 billion for the first quarter. (Nikos Pekiaridis / Nurphoto via Getty Images / Getty Images)

Netflix has more than 300 million global subscribers. In January, the company stated that it added a record 18.9 million subscribers in the fourth quarter of 2024.

Reuters contributed to this report.