Netflix shares jumped as much as 4% in after-hours trading on Thursday after the company beat Wall Street expectations for its first quarter of 2025.
Revenue grew 12.5% to $10.5 billion, driven by higher pricing and higher-than-forecasted subscription and ad revenue, the latter of which the company said is still “very small.” The company remains on track to reach “sufficient scale” with its ad-supported offering in 2025.
Here are the top-line results:
Net income: $2.89 billion, compared to $2.33 billion a year ago.
Earnings per share: $6.61 per share, compared to $5.69 per share expected by analysts surveyed by Zacks Investment Research.