Netflix Posts Record Q1 Profit, Sees No Tariff Fallout

Netflix Beat Q1 Sales and Profit Estimates, Pushing Operating Income to $3.3 Billion, But Its Subscriber Count Dipped

- Bloomberg

Netflix Inc. reported record profit to start the year, allaying concerns of a slowdown or fears the streaming leader might be hurt by growing economic uncertainties.

First-quarter earnings rose 25% to $6.61 a share, the company said on Thursday, easily beating analysts' estimates. Sales grew to $10.5 billion, in line with projections.

The results were boosted by a recent price increase and a strong slate of programming across the globe, like the hit UK series Adolescence.