LOS ANGELES, CALIFORNIA – JUNE 12: CEO of Netflix Ted Sarandos attends Netflix’s FYSEE event for “Squid Game” at Raleigh Studios Hollywood on June 12, 2022 in Los Angeles, California. (Photo by Charley Gallay/Getty Images for Netflix)
Charley Gallay | Getty Images Entertainment | Getty Images
Netflix posted a major earnings beat on Thursday, as revenue grew 13% during the first quarter of 2025.
Netflix attributed its better-than-expected revenue to higher-than-forecasted subscription and ad revenue.
In late January, the company increased its pricing across the board, raising its standard plan to $17.99 a month, its ad-supported plan to $7.99, and its premium plan to $24.99.
The report marks the first time that the streaming giant did not disclose quarterly subscriber data as it shifts its strategy to focus on revenue and other financial metrics as performance indicators.
Netflix’s earnings also come as traditional media companies’ stocks have been slammed by a tumultuous market prompted by President Donald Trump’s trade policy.
Netflix, however, said it continues to forecast full-year revenue of between $43.5 billion and $44.5 billion.
“There’s been no material change to our overall business outlook,” the company said in a statement Thursday.
Netflix shares gained 4% in extended trading Thursday.
Here’s how the company performed for the quarter ended March 31, compared with estimates compiled by LSEG:
- Earnings per share: $6.61 vs $5.71 expected
- Revenue: $10.54 billion vs $10.52 billion expected
Net income for the period was $2.89 billion, or $6.61 per share, up from $2.33 billion, or $5.28 per share, during the same quarter a year earlier.
Revenue in the first quarter jumped nearly 13% year over year, reaching $10.54 billion.
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