Earnings Results
Streaming giant keeps guidance intact, says it saw no impact from recent economic swings
Last Updated: April 17, 2025 at 5:02 p.m. ET
First Published: April 17, 2025 at 4:18 p.m. ET
Netflix Inc. shares rose in 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.
The streaming giant reported net income of $2.89 billion, up 13% compared to $2.33 billion in the same quarter a year earlier. Analysts had estimated net income of $2.48 billion, according FactSet. The company said that its revenue would have risen 17% if the impact of foreign currency fluctuations was removed.
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