Netflix Inc (NASDAQ:NFLX, ETR:NFC) has delivered another strong quarterly earnings report with both revenue and profit topping Wall Street expectations, boosting its shares afterhours on Thursday.
The streaming giant posted earnings per share (EPS) of $6.61, ahead of estimates of $5.73.
Revenue grew 12.5% year-over-year to $10.54 billion, ahead of the consensus of $10.5 billion. The increase was attributed to membership growth and higher pricing.
For the first time, the company did not disclose its net subscriber additions in its quarterly report, a metric long used by investors to gauge Netflix’s growth.
“Revenue was modestly above our guidance due to slightly higher-than-forecasted subscription and ad revenue (which is still very small relative to subscription revenue),” the company said in a letter to shareholders.
Content highlights from Q1 included limited series Adolescence (124 million views), English language film Back in Action (146 million views) starring Cameron Diaz and Jamie Foxx, French language film Ad Vitam (63 million views) and the Mexican film Counterattack (59 million views).
For Q2, Netflix guided revenue of $11.04 billion, representing a 15.4% jump from the year-ago period, higher than the $10.96 billion expected. EPS was guided at $7.03, beating estimates of $6.22.
It expects Q2 to benefit from a full quarter of recent price changes and continued growth in membership and advertising revenue.
The company added that its revenue and profit outlook “remains solid,” reiterating its 2025 guidance for revenue in the range of $43.5 billion to $44.5 billion.
“We remain optimistic about our 2025 slate with a lineup that includes returning favorites, series finales, new discoveries and unexpected surprises designed to thrill our members,” Netflix said.
Shares of Netflix gained more than 5% at $1,024 following the release of its earnings report.