Netflix predicts growth despite consumer tariff fears

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Netflix executives say that the company is in a good position to bear any possible economic slowdown arising from global trade tensions, as new subscribers continue to register despite the consumer warning signs.

“The entertainment was largely flexible in the tougher economic times,” said Greg Peters, co -co -chairman on Thursday. “We pay close attention to the feelings of consumers and where the broader economy moves, but based on business now, there is nothing important to be observed.”

Netflix shares achieved a good performance this year, increasing by 10 percent, while the NASDAQ technology compound decreased by 16 percent due to concerns about US president Donald Trump’s tariff policies. The shares of the video broadcasting company jumped by 2.3 percent in post -working hours in New York on Thursday.

Netflix’s optimism was supported by strong results in the first quarter, which showed a growth base that continued to grow even after raising prices on US agents in January to $ 24.99 a month at the highest level. The company said it expects “healthy members growth, high subscription prices and a rough double for our ads revenue” for the full year.

Netflix stated that net income was $ 2.9 billion, an increase of $ 2.3 billion in the previous year, at revenues of $ 10.5 billion. Her profits for the share of $ 6.61 before Wall Street’s expectations of $ 5.71.

The company did not refer to its shareholders’ speech to the Trump tariff, which led to the cavity of many American companies. Netflix maintains its expectations for the entire year of $ 43.5 billion-44.5 billion dollars.

In the first quarter, Netflix reported that subscribers grow better than expected, which helped increase his profits by 24 percent. Viewers flocked to watch the psychological crime series Teenage, Live currents from WWE Wrestling and Return at work Cameron Diaz and Jimmy Fox.

Netflix announced last year that it no longer reveals the quarterly subscriber numbers, a decisive translator for investors. Instead, he wants to convert the focus into revenue, operating margin and other standards. In a letter to shareholders, the company said that the subscription and advertising revenues were slightly higher than expected. It has more than 300 million subscribers worldwide.

In January, it reached 19 million new subscribers – its largest gain in the separate subscribers in its history, adding live sporting events to the programming mix.

The strong performance of Netflix this year contradicts traditional media shares such as Paramount, Comcast and Walt Disney, which was scrutinized by Brendan Car, Chairman of the Federal Communications Committee in Trump.

The company also said that the co -founder, Red Hastings, had left his position as CEO to become the non -executive chairman.