• 26/05/2024 01:57

Netflix's revenue exceeded experts' expectations

Netflix released a report Thursday showing its first-quarter results that beat analysts. Revenue exceeded forecasts. This is evidenced by data from investing.com.

Netflix's revenues exceeded experts' expectations

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The company announced earnings per share of $5.28, income amounted to $9.37 billion. Analysts had expected earnings per share to be $4.51, and total revenue would be $9.27 billion.

Netflix shares have risen 30% this year, but on April 19 the price fell $30 on the backdrop of the company's unexpected decision to stop counting the number of subscribers.

On Thursday, April 18, the company said that starting in the first quarter of 2025, it will no longer report the number of subscribers on a quarterly basis.

Netflix management called on investors Focus on revenue and operating margin when assessing a company's progress rather than on attracting new customers.

minfin.com.ua

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