LOS ANGELES, CALIFORNIA – JUNE 12: CEO of Netflix Ted Sarandos attends Netflix’s FYSEE event for “Squid Game” at Raleigh Studios Hollywood on June 12, 2022 in Los Angeles, California. (Photo by Charley Gallay/Getty Images for Netflix)
Charley Gallay | Getty Images Entertainment | Getty Images
Netflix posted a major earnings beat on Thursday, as revenue grew 13% during the first quarter of 2025.
The streaming giant reported revenue of $10.54 billion for the first quarter, higher than Wall Street’s estimates of $10.52 billion, according to data compiled by LSEG. Diluted per-share earnings of $6.61 exceeded estimates of $5.71.
Netflix noted its better-than-expected revenue was due to higher-than-forecasted subscription and ad revenue. The company increased its pricing across the board in late January, raising its standard plan from $15.49 a month to $17.99; upping its ad-supported plan from $6.99 per month to $7.99; and increasing its premium plan from $22.99 to $24.99.
Here are the results:
- Earnings per share: $6.61 vs $5.71 expected, according to LSEG
- Revenue: $10.54 billion vs $10.52 billion expected, according to LSEG
The report marks the first time that the streaming giant did not disclose quarterly subscriber data as it shifts its strategy to focus on revenue and other financial metrics as performance indicators.
Netflix’s earnings also come as traditional media companies’ stocks have been slammed by a tumultuous market prompted by President Donald Trump’s trade policy.
“There’s been no material change to our overall business outlook,” the company said in a statement Thursday.
This is a breaking news story. Please check back for updates.
Read the original article here