On Thursday, Netflix shares increased by more than 4% after trading after the market results in the first quarter of the entertaining giant exceeded Wall Street expectations, and the company reaffirmed its positive business forecasts, despite historically US consumer confidence.
In its production, Thursday, the company stated that “our profit growth forecast remains firm, without changing our 2025 income recommendations.”
Netflix’s confidence is probably Especially in retail marketsAgainst the backdrop of the extreme economic uncertainty, which is ignited by China’s escalation of Trump administration.
Greg Peters, co -chairman of Netflix, said the company called for a company not greatly affect this economic shock. While the management pays close attention to the economy, he said that “there is nothing significant”, and the level of customer content remains stable and the interaction with the Netflix show remains strong.
The executives claimed that Netflix benefits from entertainment, which are often less exposed to economic downturn. They also pushed the idea that a wide range of company subscription plans – including with advertising for $ 8 monthly – provides customers with flexibility if they want to save money. Advertising, a relatively new business for Netflix, can be somewhat vulnerable as marketers reduce costs, acknowledged, acknowledged that. But the business is still a very small part of the company’s total income, and new promotional tools make advertising at the service more attractive to many advertisers, thus compensating any weakness, they said.
For the Netflix quarter, analysts have been expecting both profits and profits. The proceeds amounted to $ 10.54 billion compared to $ 10.51 billion, and a $ 6.61 profit undergoing $ 5.71 estimates.
The production was first said when Netflix did not report the quarterly number of subscribers – the decision he explained in advance last year, claiming that subscribers no longer tell about the most significant business history that now has different levels of subscribers and growing advertising business.
A Wall Street Journal Recently reports that the company is still confident in the five-year plan to raise market restriction up to $ 1 trillion. On the way the company is waiting To summarize your profit and triple your operating income by 2030. Streaming service also hopes to increase its advertising business to $ 9 billion annually in the same term.
The company’s content won in the first quarter, headed the hit mini -factories AdolescenceWhich Netflix says that this is the third viewed series of English of all time and people.
In the last quarter of the number of subscribers in the quarter, Netflix said it added more than 18.9 million worldwide members. The company also announced at the time that its standard plan would increase to $ 17.99 per month.
Netflix’s Own version of Amazon flywheel He continues to rotate and has not yet stopped the potential economic crisis.
Originally this story was presented on Fortune.com
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2025-04-17 21:12:00
Jason Del Rey
