Netflix reports first-quarter earnings | Fox Business

Netflix exceeded Wall Street’s expectations for a quarterly results and offered bullish revenue forecasts on Thursday, indicating confidence amid the uncertainty surrounding the unintermissible tariff plans for president Donald Trump.

The shares of the company were almost flat in post -business trading at $ 970.10.

The broadcast giant also said that his co -founder, Red Himingz, had left his position as CEO to become the non -executive chairman, “part of the natural development of our leadership structure and the planning of the caliphate.”

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Netflix recorded revenues of $ 10.54 billion for the first quarter, as the estimates of former analysts exceeded $ 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.

Looking forward, the expected company will increase its revenues to $ 11.04 billion for April to June, above the consensus of the analysts of $ 10.90 billion, “driven primarily due to the growth of membership and high prices.”

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Analysts have sparked the possibility that Trump’s economic policies will lead to a stagnation that causes consumers to reconsider their flowing spending.

Netflix recorded revenues of 10.54 billion dollars for the first quarter, as the estimates of former analysts exceeded $ 10.52 billion. (Nikos Pekiaridis / Nurphoto via Getty Images / Getty Images)

But NETFLIX is unlikely to see a “wave of mix” given its strong situation in the market and its popular content, the Bank of America has written to the media, Jessica Reef Erletic, although some of the costs who realize that they may trade to the level of cheaper prices.

Consumers have flocked to the low -price layer supported by Netflix since its launch in late 2022. Netflix said this version of his service represents 55 % of its new records in the countries where it is available.

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Netflix dominates the videos flowing with 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.

In this quarter, Netflix refused to reveal the numbers of subscribers in order to emphasize other performance standards including revenues and profit. Analysts said they believe that change indicates the slowest growth in the future.