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Price increases and the healthy growth of subscribers increased the benefits of Netflix up 24% in the first quarter, while viewers flocked to watch the series of psychological crimes Adolescence and live flows from WWE struggle.
The streaming company's net profit was $ 2.9 billion, compared to $ 2.3 billion a year earlier, over a turnover of $ 10.5 billion. Its profit per share of $ 6.61 was ahead of Wall Street forecasts of $ 5.71.
Netflix Actions have performed well this year, increasing 10% while the heavy Nasdaq composite of technology dropped by 16% in part to concerns about President Donald Trump's pricing policies. Netflix shares jumped 5% more outside working hours in New York on Thursday.
The company has made no reference in its shareholder letter to Trump priceswho have shot many American companies. Netflix holds its forecasts in full year from $ 43.5 billion to $ 44.5 billion in revenues according to “healthy members' growth, higher subscription prices and a gross double of our advertising revenues”.
Netflix announced last year that it would no longer disclose its quarterly subscribers figures, a crucial metric for investors for a long time. Instead, he wishes to move the development towards income, the exploitation margin and other measures. In a letter to the shareholders, Netflix said that his subscription and advertising revenue were slightly higher than forecasts.
In January, he pointed out that 19 million subscribers – his greatest gain in quarterly subscribers in his history, because he added live sporting events to his programming mixture.
The performance of Netflix actions also contrasts with traditional media actions such as Paramount, Comcast and Walt Disney, which were examined by Brendan Carr, Trump chief of the Federal Communications Commission.
