Netflix shares increased by more than 4 % in post -market trading on Thursday after the results of the giant’s profits in the first quarter exceeded Wall Street’s expectations and the company repeated its positive commercial forecasts despite the decrease in consumer confidence in the United States.
In issuing its profits on Thursday, the company said, “We still have the growth and profit growth forecast for our 2025 guidance expectations for our 2025 revenue.”
Netflix’s confidence is likely to encourage some investors, who were heading to some shares, Especially in retail and clothing marketsAmid the severe economic uncertainty ignited by the Trump administration’s escalating trade war.
For a quarter, Netflix beat analysts’ expectations for both revenues and profit. The total revenue amounted to $ 10.54 billion compared to estimates of 10.51 billion dollars, while the profits of one share of $ 6.61 detonated the estimates of the analysts of $ 5.71.
The issuance of profits represented the first time that Netflix had not been able to know the quarterly numbers – a decision that made it clear in the past year by saying that the subscribers’ numbers no longer tell the most important story from work, which now has different levels of subscribers and increasing advertising actions.
the Wall Street Journal It was recently reported that the company is still confident in a five -year plan to raise the maximum market to a trillion dollars. Along the way, the company expects To double its revenues and three times its operating income by 2030. The broadcast service also hopes to develop its advertising sales to 9 billion dollars annually during the same time frame.
The company’s content in the first quarter led by Miniseries Breakaway Minisence, which Netflix says it is the third most viewed English series of all times.
In the last quarter of reporting the growth of the number of subscribers in the fourth quarter, Netflix said it added more than 18.9 million members worldwide. The company also announced at the time that its standard plan will increase to $ 17.99 per month.
Netflix The special version of the Amazon budget wheel He continues to rotate, and at least so far, no possible imminent economic crisis has yet stopped.
This story was originally shown on Fortune.com
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