Netflix exceeds expectations in the latest profit ratio – and predicts that profits will increase despite economic uncertainty

Netflix exceeded Wall Street’s expectations in its quarterly profits report and offered a prospect of bullshit revenue on Thursday, signaling confidence in economic uncertainty about President Trump’s irregular plans.

The company’s shares were approximately flat in the post -schedule trading with $ 970.10.

The broadcast giant also said that his co-founder Reed Hasings had left his post as executive chairman to become the non-executive chairman of the Board, “part of the natural evolution of our structure of leadership and success planning”.

Netflix reported revenue of $ 10.54 billion for the first quarter, extracting estimates of previous $ 10.52 billion, according to data compiled by LSEG.

Diluted profits per share of $ 6.61 exceeds the consensus estimates of $ 5.71. The company issued hits such as the limited series “Adolescence”, the thriller of the drama “Zero Day” and the unspoiled “Temptation Island” series during the quarter.

Looking forward, the company’s projected revenues would rise to $ 11.04 billion for April to June, over the analyst’s $ 10.90 billion consensus, “mainly driven by membership growth and higher prices.”

Analysts have raised the possibility that Trump’s economic policies can lead to a recession that makes consumers reconsider their transmission costs.

But Netflix is ​​unlikely to see “a heaven” given its strong market position and popular content, wrote Analyst of Media Bank of America, Jessica Reif Ehrlich, though some cost -conscious subscribers may trade on a cheaper price degree.

Customers have accumulated at the lowest price level, supported by Netflix advertising since the beginning of 2022. Netflix said this version of its service accounts for 55% of its new records in the countries where it is available.

Netflix prevails in the video market with more than 300 million global subscribers. In January, the company reported that it had added a record 18.9 million subscribers in the fourth quarter of 2024.

This quarter, Netflix refused to detect the subscriber numbers in order to emphasize other metric performance metrics, including income and profit. Analysts have said they believe that change signals the slow growth of subscribers forward.