Netflix posted $10.5bn in revenue in the first three months of the year, the first quarter it hasn’t disclosed quarterly subscriber figures.
The streaming giant earned nearly $2.9bn in net income in the period, exceeding Wall Street’s forecasts.
Netflix attributed its 12.5% growth in revenue both to higher subscription prices and to “membership growth.” At the end of 2024, Netflix said it had roughly 301m global subscribers.
In late January, the company increased its pricing across the board, raising its standard plan in the US to $17.99 a month, its ad-supported plan to $7.99, and its premium plan to $24.99.
Despite fears of recession prompted by President Trump’s tariff war, Netflix said it continues to forecast full-year revenue of between $43.5bn and $44.5bn.
The company said in a letter to shareholders that its “revenue and profit growth outlook remains solid,” and that it was not making any changes to its forecast for the year.
Netflix’s co-CEO Greg Peters said on the company’s earnings call: “Based on what we are seeing by actually operating the business right now, there’s nothing really significant to note.
“We also take some comfort that entertainment historically has been pretty resilient in tougher economic times. Netflix, specifically, also, has been generally quite resilient. We haven’t seen any major impacts during those tougher times, albeit over a much shorter history,” he said.
Netflix has also been looking to build its advertising revenues in 2025.
The streamer launched its in-house ad-tech platform in early April in the US, with plans to extend into other markets in the coming months.
“We believe our ad-tech platform is foundational to our long-term ads strategy,” the company said. “Over time, it will enable us to offer better measurement, enhanced targeting, innovative ad formats and expanded programmatic capabilities.”
The company released hits such as the limited series Adolescence, drama thriller Zero Day and the unscripted series Temptation Island during the quarter.
You are not signed in
Only registered users can comment on this article.
BBC garners 47 nominations for Royal Television Society Programme Awards 2026
Ahead of the RTS Programme Awards 2026 on Tuesday 24 March, the BBC has received 47 nominations – leading the way across the 29 categories.
ITV says sale talks with Sky for TV and streaming business are continuing
ITV has said it remains in discussions with Sky over the sale of its broadcasting and streaming business.
Whisper returns to private ownership as Sony Pictures Television sells stake
Sony Pictures Television is divesting its 30% shareholding in production company The Whisper Group after five years.
Ben Crompton joins Fremantle as Global Head of Entertainment
Fremantle has appointed Ben Crompton as its new Global Head of Entertainment.
iPlayer open to hosting rival PSBs to survive “permanent and irreversible” disruption
As the UK government begins its BBC Charter Review consultation, the broadcaster has published a 100-page response, urging radical reforms to its independence and funding model.
