Netflix reported first-quarter profit that exceeded Wall Street forecasts, boosted by a recent price increase and a strong slate of programming across the globe, such as the series Adolescence.
Roku shares are rising in extended trading Thursday following strong advertising trends from Netflix, which reported blowout results for the first quarter after the bell.
Streaming video giant Netflix (NASDAQ: NFLX) met Wall Street’s revenue expectations in Q1 CY2025, with sales up 12.5% year on year to $10.54 billion. The company expects next quarter’s revenue to be around $11.04 billion, slightly above analysts’ estimates. Its GAAP profit of $6.61 per share was 16.8% above analysts’ consensus estimates.
Netflix reported Q1 results, which for the first time didn't include subscriber totals or quarterly gains. Here are the key highlights from the report.
Wall Street saw a rebound in risk appetite on Thursday ahead of the long Easter weekend, as President Donald Trump signaled positive momentum in trade negotiations.
Despite a broad tech correction, Netflix stands out as a rare green beacon, with gains over the past month, year-to-date, and year. Bullish momentum and technical indicators suggest further potential. In contrast, other tech giants like Apple, Microsoft, and Amazon have all seen losses in 2021. Netflix's performance in the market sends a strong message, with the S&P 500 down 10% year-to-date. It seems Netflix has shifted the focus from streaming wars to being a stock market standout.
While competitors struggle, Netflix trades near all-time highs with even greater gains planned for the next five years. Here's what you should watch for in Thursday evening's Q1 report.
The Koyfin-compiled consensus estimates call for the streaming giant to report earnings per share of $5.68 and revenue of $10.51 billion for the first quarter of the fiscal year 2025.
Former President of NBC Cable (now NBCUniversal Media), Tom Rogers has been bullish on Netflix (NASDAQ: NFLX) for several years. He now believes that the company's 5-year plan to hit $1 trillion in market capitalization by 2030 is "very realistic," and not "that hard to get."
According to Handelsblatt, the constellation's construction is planned for 2029, although it was unclear whether the timeline pointed to the project's start or completion.
In a volatile trading session, the stock market experienced significant declines as Federal Reserve Chair Jerome Powell addressed economic concerns. The S&P 500 fell 2.2% to 5,275.70 points.
U.S. stock futures posted modest gains on Wednesday night, recovering from a steep decline in the afternoon session following Federal Reserve chair Jerome Powell's latest comments on the market, tariffs, and inflation.
