Netflix posted a major earnings boost with its profit rising 13% in the first quarter of 2025.
The streaming platform posted better-than-expected results as subscription and advertising growth beat forecasts.
In late January, the popular company raised its prices incrementally with its standard plan to $17.99 per month, its advertising plan to $7.99 and its premium plan to $24.99.
The report marks the first time the streaming giant has not disclosed quarterly subscriber data, in line with its strategy shift to focus on revenue and other financial metrics as key performance indicators.
Netflix’s revenue also rose as conventional media stocks were hit by market volatility driven by President Donald Trump’s trade policies.
Meanwhile, Netflix is targeting full-year revenue in the range of $43.5 billion to $44.5 billion.
However, it does not plan any significant changes to its business flow for now.
Netflix co-CEO Greg Peters said investors are now concerned about the potential impact of tariffs on spending. He stressed that his business doesn’t see anything serious coming.
They also see the entertainment industry taking some comfort and remaining resilient given its history of economic downturns.
Netflix shares gained about 2% in extended trading Thursday.
Net income for the period was $2.89 billion, or $6.61 per share, up from $2.33 billion, or $5.28 per share, in the same quarter a year earlier.
Revenue for the first quarter jumped nearly 13% from a year earlier, to $10.54 billion.
