Netflix exceeded the expectations of Wall Street in its quarterly gains report and offered a upward income perspective on Thursday, indicating confidence in the midst of the economic uncertainty surrounding President Trump’s erratic tariff plans.
The company’s shares were more or less stable in the price outside the hours of attention to $ 970.10.
The transmission giant also said that his co -founder Reed Hastings had left his position as executive president of the non -executive presidency of Becard, “part of the natural evolution of our leadership structure and succession planning.”
Netflix reported revenues of $ 10.54 billion for the first quarter, diving fits the estimates of analysts of $ 10.52 billion, according to the data compiled by LSE.
The profits diluted per share or $ 6.61 exceeded consensus estimates or $ 5.71. The company launched successes such as the limited series “Adolescence,” Drama Thriller “Zero Day” and the series without script “Temptation Isand” Duration of the quarter.
Looking towards the future, the company projected income would increase to $ 11.04 billion for April to June, above the analyst consensus of $ 10.90 billion, “mainly driven by the growth of membership and the highest prices.”
Analysts have raised the possibility that Trump’s economic policies can lead to a recession that causes consumers to reconsider their transmission spending.
But it is unlikely that Netflix will see “a wave of rotation” given its strong market position and its popular content, wrote the media analyst of the Bank of America, Jessica Reif Ehrlich, thought that some subscribers aware of the costs can exchange a descending level.
Consumers have made mass at the level of lower price of Netflix since its launch at the end of 2022. Netflix said the version of their service represents 55% of its new records in countries where it is available.
Netflix dominates the transmission video market with more than 300 million global subscribers. In January, the company reported that it had added a record subscriber of 18.9 million in the fourth quarter of 2024.
This quarter, Netflix refused to reveal subscriber numbers to emphasize other performance metrics, including income and profits. Analysts have said that they believe that change indicates a slower subscribers ahead.