Netflix(US:NFLX) Fox Businessยท2025-04-18 16:46Core Viewpoint - Netflix co-CEO Gregory Peters expresses confidence in the company's resilience amid economic concerns, highlighting the entertainment industry's historical stability during tough times [1][2]. Financial Performance - Netflix reported revenue of $10.54 billion for Q1, surpassing analysts' estimates of $10.52 billion [7]. - Diluted per-share earnings reached $6.61, exceeding consensus estimates of $5.71 [7]. - The company projects revenue to rise to $11.04 billion for Q2, above the analyst consensus of $10.90 billion, driven by membership growth and higher pricing [8]. User Engagement - Netflix has achieved 70 million monthly active users on its ad-supported plan, which starts at $7.99, contributing to 55% of new sign-ups in available markets [4]. - Customer retention has been described as "stable and strong," with engagement levels remaining healthy [6]. Market Outlook - Peters notes that Netflix's low-cost ad plan provides additional resilience against economic pressures [4]. - The company is closely monitoring consumer sentiment and broader economic trends but has not identified any significant negative impacts [5].