3 sources·Business

Netflix Surpasses Expectations Amid Economic Uncertainty

Netflix reported a strong first quarter, exceeding revenue forecasts while navigating the challenges posed by Donald Trump's economic policies.

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  1. Netflix's first quarter builds on recent momentum as trade war drags down other tech companies

    Netflix’s sharper focus on its finances paid off in this year’s first quarter with earnings of $2.9 billion, or $6.61 per share, a 24% increase from from the same time last year.

    Netflix's first quarter builds on recent momentum as trade war drags down other tech companies

    Associated PressAssociated Press·2d
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  1. Associated Press
  2. The Guardian
  3. Fox Business
Updated: Apr 17th, 2025, 6:36 PM ET

Summary

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In the first quarter of 2024, Netflix reported revenues of $10.54 billion, surpassing analysts' estimates, and saw earnings of $6.61 per share. The streaming giant has shifted focus away from subscriber growth towards profitability, forgoing quarterly subscriber updates. Despite economic uncertainties due to President Trump's tariff plans, Netflix remains optimistic, projecting revenue of $11.04 billion for the upcoming quarter, bolstered by its low-cost, ad-supported tier, which has attracted 55% of new subscribers. The leadership restructuring with co-founder Reed Hastings transitioning roles signifies the company's commitment to evolving in a competitive landscape.

Perspectives

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  • Netflix surpassed analyst expectations in quarterly earnings, reporting a revenue of $10.54 billion and earnings per share of $6.61, indicating strong performance amid economic uncertainty.

  • The company’s focus on profits rather than subscriber numbers suggests a strategic shift, with initiatives to boost advertising revenue to support continued growth.

  • Despite potential impacts from economic volatility and Trump's trade policies, Netflix maintains a solid market position, particularly with its ad-supported tier gaining popularity.

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Netflix Surpasses Expectations Amid Economic Uncertainty - Pano News