Netflix’s stock rose over 4% in after-hours trading following its first-quarter earnings report, which exceeded analyst expectations. The company reaffirmed its positive business forecasts and stuck to its 2025 revenue guidance.
Despite historically low U.S. consumer confidence, Netflix reported solid revenue growth and stable customer retention levels. Co-CEO Greg Peters stated that the company has been unaffected by economic turmoil, citing stable engagement with its shows and a strong advertising business as key factors.
Netflix’s wide range of subscription plans, including an ad-supported option for $8 per month, provides customers with flexibility during economic downturns. The company expects to grow its ad sales business to $9 billion annually by 2030.
The report also highlighted Netflix’s content wins in the first quarter, including the popular miniseries “Adolescence,” which is its third-most-watched English language series of all time. With subscriber growth and strong earnings, Netflix remains optimistic about its long-term plans, including doubling revenue and tripling operating income by 2030.
Overall, the company’s confidence and adaptability have helped it weather economic uncertainty, at least for now.
Source: https://fortune.com/article/netflix-q1-2025-earnings-outlook-economy