MW Netflix blows past profit estimates as subscription, revenue growth boom

By Lukas I. Alpert

Streaming giant sees solid growth despite stronger dollar weighing on revenue

Netflix Inc. shares rose 2% in the extended trading Thursday after the company reported profit in the first quarter well above its own projections and that predicted by analysts, due to higher-than-expected subscription and advertising revenue growth, it said.

The streaming giant reported net income of $2.89 billion, up 13% compared to $2.33 billion in the same quarter a year earlier. Analysts had estimated net income of $2.48 billion, according FactSet.

Earnings per share came in at $6.61, the company reported, far ahead of the $5.67 predicted by analysts polled by FactSet.

Netflix shares $(NFLX)$ closed 1.2% higher Thursday. The company's stock has recently outperformed the market in the most recent tariff-driven slowdown, suggesting investors had expected a strong earnings report.

Revenue in the quarter was $10.5 billion, up from $9.4 billion in the first quarter in 2024. That came in at even with the $10.5 billion analysts had predicted.

This was the first quarter where Netflix stopped reporting subscriber numbers, which had previously been considered a key indicator of growth, as the company attempts to transition to more traditional financial metrics as markers of its development.

-Lukas I. Alpert

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

April 17, 2025 16:18 ET (20:18 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.