High economic uncertainty amid a global trade war that did not do much to inhibit Netflix’s financial results in the first quarter.
The Los Gattus -based broadcasting giant said that its revenues in the first quarter have grown by 13 % to 10.5 billion dollars, and are fed up with the growth of membership and high prices.
Net -income jumped by 24 % to $ 2.89 billion in this quarter, long before 2.48 billion dollars expected by analysts, according to Fastesst.
Strong growth provided additional evidence of Netflix dominance in the broadcast market during an uncertain economy.
On Thursday, Netflix executives expected confidence in the company’s ability to economic interests fed by the customs tariff, noting that the low -cost advertising plan gives consumer options, that its participation is still strong and that it produces content and has viewers around the world.
“We pay close attention, clearly, to the feelings of consumers and where the broader economy moves, but based on what we see by running the work at the present time, there is no really important thing,” Greg Peters, CEO of Netflix said during a video interview. “The retreat, we take some comfort in the fact that entertainment, historically, was very flexible in the most stringent economic times.”
Analysts also felt that the Netflix market can give them more pillow.
“In times when consumers may check their spending on broadcasting services, expert morale is still fixed: Netflix will continue to be the virtual platform and sisters that are cut by the vast majority of users,” said John Konka, an analyst at the third investment research company.
Netflix shares rose by 1 % on Thursday, closing it at $ 973.03 per share.
Earlier this year, Netflix raised prices on some participation plans in the United States, including for its low -cost -supporting ads plan, which was growing.
During the first quarter, Netflix became home to “Wwe raw“Who analysts said helped strengthen the banners’ ads and drew big scenes.
Some analysts said they believe that Netflix would bear any decline in the advertising market caused by global trade conflicts.
Netflix launched the cheapest advertising layer in 2022 and is still a small, but increasing part of its business.
“Since Netflix depends on the advertisement less than most of its competitors, in some ways it will be less exposed to the definitions that restrict the obligations made,” said Ross Benz, Emarketer’s chief analyst, said. “I don’t think the total economic problems faced by the world will strike them.”
The programs launched by Netflix in the first quarter included a limited chain dramaTeenager“About a A 13 -year -old boy is suspected of killing his classmate. The series drew 124.2 million views so far, and got the third rank in the most popular English language shows in Netflix ever, bypassing the first season of the Regency Romance “Bridgerton” series. Jimmy Fox and Cameroon Diaz were a success for broadcasting service, as they got 146 million views and made it the most English movie in Netflix ever.
Other offers that were launched in the first quarter included the series of mystery Shondaland “Residence,“Million Dollaar Secret,” Kate Hudson Comedy Series “Running Point” and Romance Movie “The Life List”.
“We are implementing our priorities for 2025: Improving our series and our films and developing our advertising works; further developing newer initiatives such as live programming and games; maintaining healthy revenues and profit growth.”
Last year, Netflix said it has more than 301 million subscribers.
The company’s executive officials also dealt with The latest report in the Wall Street Journal Netflix had internal financial targets to reach the market value of $ 1 trillion and double its revenues by 2030. Ted Sarandos, CEO of Netflix, admitted the report, saying that on “rare and disappointing occasions”, “company and internal discussions can leak.”
He said during a presentation of the investor: “Often we have internal meetings and we are talking about long -term aspirations, but it is important to note that this is not the same expected.” “Our operating plans are the same as our external prediction guidelines. We have no five -year expectations or five -year guidance, but you can assume that we are thinking of long -term.”
