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Netflix (NFLX) Q1 Earnings Beat, Revenues Rise Y/Y on User Gain
NetflixNetflix(US:NFLX) Zacks Investment Research·2024-04-19 23:26

Netflix (NFLX) reported first-quarter 2024 earnings of 5.28pershare,whichbeattheZacksConsensusEstimateby17.075.28 per share, which beat the Zacks Consensus Estimate by 17.07%. The figure surged 83.3% from the year-ago quarter.Revenues of 9.37 billion increased 14.8% year over year and beat the consensus mark by 1.18% as the streamer leaned on revenue initiatives like its crackdown on password-sharing and ad-supported tier, in addition to the recent price hikes on certain subscription plans.On the ads front, ad-tier memberships increased 65% quarter over quar ...