Netflix (NFLX) reported first-quarter earnings that topped analysts' expectations, sending shares higher in extended trading Thursday.
Streaming firm reported a $10.54bn revenue in first quarter, though analysts say consumers could reconsider spending
Analysts have raised the possibility that Trump's economic policies could lead to a recession that makes consumers reconsider their streaming spending.
Reed Hastings, co-founder and longtime former CEO of Netflix, is shifting from executive chairman to chairman of the board. The move to a non-executive role on the board was described by the company as “part of the natural evolution of our leadership structure and succession planning.
Netflix Inc (NASDAQ:NFLX, ETR:NFC) has delivered another strong quarterly earnings report with both revenue and profit topping Wall Street expectations, boosting its share afterhours on Thursday. The streaming giant posted earnings per share (EPS) of $6.61, ahead of estimates of $5.73.
Netflix Inc. shares rose 2% in the extended trading Thursday after the company reported profit in the first quarter well above its own projections and that predicted by analysts, due to higher-than-expected subscription and advertising revenue growth, it said.
Netflix reported strong first-quarter results on Thursday. The company reported $10.54 billion in revenue, beating analysts' expectations.
Netflix is keeping things humming. The streaming giant topped Wall Street's first-quarter expectations, announcing total revenue of $10.543 billion and earnings per share of $6.61 in an earnings report Thursday. The consensus forecast of analysts had been for earnings per share of $5.66 and revenue of $10.5 billion.
Magalie Grossheim, M Science Senior Research Analyst says Netflix remains a retention leader among peers as investors look to the streaming giant as a safe haven against tariffs that are roiling financial markets. She joins Ed Ludlow on "Bloomberg Technology" to discuss.
Netflix reports first-quarter earnings after the closing bell Thursday. Wall Street analysts surveyed by LSEG expect earnings per share of $5.71 and revenue of $10.51 billion.
Netflix (NFLX) will report its 1Q25 quarterly figures, but moving forward the company will not include total subscriber numbers. Rick Ducat points to technical patterns to watch on the streaming giant's chart.
Netflix, SAP SE, Shell, Preformed Line Products and ImmuCell are included in this Analyst Blog.