Netflix profit jumps as price hikes and subscription growth beat expectations
Forrás:
Euronews.com
2 napja
Netflix's first-quarter earnings exceeded expectations, with a 2.5% rise in shares due to membership growth and higher pricing. The company raised prices in several countries, contributing to a 31.7% operating margin. Despite market turmoil, Netflix's stock rose 9% year-to-date. The company shifted its reporting metrics, focusing on revenue growth instead of subscriber numbers. New content, including live sports, helped drive revenue growth. For Q1, Netflix reported earnings per share of $6.61 and revenue of $10.54 billion, both surpassing estimates. Teljes cikk (Euronews.com)