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)
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Netflix posted a major earnings beat on Thursday, as revenue grew 13% during the first quarter of 2025.
Here are the results:
- Earnings per share: $6.61 vs $5.71 expected, according to LSEG
- Revenue: $10.54 billion vs $10.51 billion expected, according to LSEG
The report marks the first time that the streaming giant isn’t disclosing 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.
Wall Street will also be looking for additional details about the company’s advertising-supported business model.
Last quarter, Netflix shared that its cheaper, ad-supported tiers accounted for more than 55% of sign-ups in countries where the option is offered. The company also noted that memberships on its ad-supported plans grew around 30% quarter over quarter.
At that time, executives also noted that the company planned to continue to grow its ads business as well as improve its core business with more series and films and enhancements to its product experience. The company is also expected to delve further into the live event space.
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