In the first quarter of the year, Netflix surpassed analyst expectations, continuing its subscriber growth trend despite economic challenges associated with President Trump's policies. The company reported earnings of $2.9 billion, a 24% year-over-year increase, alongside a 13% rise in revenue to $10.54 billion. Notably, Netflix has stopped reporting its total subscriber count, focusing instead on financial performance and advertising revenue after surpassing 300 million global subscribers by the end of last year. This strategic pivot has resulted in a 9% increase in its stock price in a tumultuous economic environment.
Netflix is still building on the momentum that enabled it to add 41 million worldwide subscribers last year, the biggest annual gain in the company's 27-year history.
In this year's first quarter, Netflix reported earnings of $2.9 billion, or $6.61 per share, a 24% increase from the same time last year, and revenue climbed 13%.
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