Netflix Crushes Q1, Says It's 'Working Hard To Improve And Expand' Its Offering

Core Insights - Netflix reported first-quarter revenue of $10.54 billion, a 12.5% year-over-year increase, surpassing the consensus estimate of $10.52 billion [1] - The company achieved earnings per share of $6.61, exceeding the consensus estimate of $5.74 [1] Financial Performance - Revenue and operating income exceeded company guidance due to higher subscription and advertising revenue, along with the timing of expenses [2] - Regional revenue figures showed growth: UCAN at $4.62 billion (+9%), EMEA at $3.41 billion (+15%), LATAM at $1.26 billion (+8%), and APAC at $1.26 billion (+23%) [8] Strategic Initiatives - The company is focused on its 2025 priorities, which include enhancing its series and film offerings, expanding its ads business, and developing live programming and games [3] - Notable content from the first quarter included "WWE RAW," "Adolescence," "Back in Action," and "Counterattack" [3] Future Guidance - For the second quarter, Netflix is guiding for revenue of $11.04 billion, a 15.4% year-over-year increase, with earnings per share also projected at $6.61 [4] - The full-year revenue guidance remains between $43.5 billion and $44.5 billion [4] Upcoming Content and Events - The live event strategy includes a boxing match on July 11 and a second NFL game on Christmas Day in 2025 [5] - The third season of "Squid Game" is set to debut on June 27, 2025, with a related game "Squid Game: Unleashed" also receiving new content [5] Technological Developments - Netflix launched its ad tech platform in the US on April 1 and plans to expand it to other countries soon [6] Market Reaction - Following the earnings report, Netflix stock rose by 4.5% to $1,016.82 in after-hours trading, within a 52-week range of $542.01 to $1,064.50 [7]