After its report, the company’s shares increased by about 3% in extended trading. [File]
Photo Credit: AP
Netflix performed better than analyzed analysts during the first three months of the year, still ending the world’s biggest video streaming service as President Donald Trump’s policies have earned an eyewitness on the economy.
The numbers released on Thursday indicated that Netflix is still constructing at the speed that has enabled it to connect customers worldwide last year-the biggest annual advantage in the 27-year history of the company.
But it is not clear how much Netflix raised more customers during the January-March period, as this report is the first time that Los Gatos, California, the company has not provided a quarter update on its total customers.
Netflix announced last year that it would no longer report the customer numbers starting from the quarter as the company wants to focus on its profits to focus investors after topping 300 million global customers in December. Netflix membership is working to sell more advertisements as part of that emphasis.
Netflix’s sharper paid for $ 2.9 billion in the first quarter of this year, or $ 6.61 per share in the first quarter of this year, with a 24% increase from the same time last year. Revenue climbed 13% from the same time as last year. Both numbers exceeded the forecasts compiled by FactSet Research. Without providing details, Netflix cited the ongoing customer development this year as the main reason for its strong start.
Strong growth came against the backdrop of economic anarchy and trump’s ups and downs. The technical industry is particularly hit by hard tariffs, which Trump unveiled on April 2 as so many beloveder companies rely on international supply chains that have been provided some relief by temporary freeze and exemption from fees.
But Netflix’s global streaming service has not yet been touched by Trump’s tariff, making the company a notable exception that has so far enabled to increase the price of its share by 9%, while the market values of most other major technical companies have declined.
“Netflix remains a standout in an otherwise unstable technology scenario,” Andrew Rock said, which tracks the stock market for Jacks Investment Research.
After its report surfaced, the company’s shares increased by about 3% in extended trading.
Business war can still hurt Netflix if it triggers a recession or increases inflation pressure because many economists are afraid. In those scenarios, more consumers can curb their discretionary expenses on entertainment.
Economic instability resulted in an advertisement for Netflix’s efforts to sell more advertisements for a low -price version of your streaming service, which is responsible for most of the customer development of the previous year.
Netflix co-CEO Greg Peters said during a Thursday conference call, “We are clearly paying attention to the consumer spirit and where the broad economy is moving forward.” “But based on what we are looking for by operating business right now, nothing is really important to note.”
Peters also said that the low -cost option of Netflix, currently a price of $ 8 per month in the US, if the homes start tightening their belts, it should help insulating your video streaming service.
In the indication of his confidence, Netflix confirmed his previous prediction for an annual revenue of about 44 billion dollars from 2024 to 13%.
“In historically difficult economies, the Home Entertainment Value is actually important for consumer homes,” Netflix’s co-CEO Ted Sarandos noted during the conference call.
Published – April 18, 2025 08:35 AM IST
