Netflix is keeping things humming. The streaming giant topped Wall Street’s first-quarter expectations, announcing total revenue of $10.543 billion and earnings per share of $6.61 in an earnings report Thursday.
The consensus forecast of analysts had been for earnings per share of $5.66 and revenue of $10.5 billion.
The company is no longer reporting subscribers on a quarterly basis, though it plans to offer select data on subscriber growth, particularly when milestones are hit. In its last subscriber reveal in January, the company blew past estimates, adding 18.9 million subscribers to reach 301.6 million worldwide. The surge in subscribers sent the company’s shares skyrocketing.
Without the spectacle of a subscriber gain this time around, the company’s shares ticked up in after-hours trading but by a comparatively modest 4%. The stock closed the regular trading day at $973.03. It has risen 9% in 2025 to date, holding steady
...
Keep reading this article on DEADLINE.