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Los -Angeles, California -June 12: Netflix Ted Sarandos CEO attended Fasee Netflix event for “Game Squid” at Raleigh Hollywood Studio on June 12, 2022 in Los -Andez, California. (Photo Charley Gallay/Getty Images for Netflix)
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Netflix On Thursday he published a major blow because the revenue rose 13% in the first quarter of 2025.
According to the data, in the first quarter, the exceeding the giant reported a profit of $ 10.54 billion, higher than Wall -Street estimates of $ 10.52 billion, according to LSEG. Divorced earnings per share of $ 6.61 exceeded $ 5.71.
Netflix noted that its income, which was expected, was associated with a subscription and revenue that sounded higher than spoken. The company increased the prices on the board in late January, increasing its standard plan from $ 15.49 a month to $ 17.99; Improving a plan that supports advertising from $ 6.99 per month to $ 7.99; and the increase in the premium class plan from $ 22.99 to $ 24.99.
Here are the results:
- Profit per share: $ 6.61 against $ 5.71 expected by LSEG
- Income: $ 10.54 against $ 10.52 billion is expected, LSEG reports
The report notes for the first time when the streaming giant did not disclose the quarterly data of the subscriber because it moves its strategy to focus on income and other financial indicators as performance indicators.
Netflix’s profit also comes when traditional media stocks were killed by a stormy market caused by President Donald Trump’s trade policy.
“There were no significant changes for our overall business viewing,” the company said on Thursday.
This is the devastating news. Please check the updates.
