Netflix beats Q1 earnings estimates, projects bullish Q2 revenue

Netflix surpassed Wall Street's expectations for first-quarter 2025 earnings, reporting $10.54 billion in revenue and $6.61 earnings per share, both above analyst forecasts. The company projects Q2 revenue of $11.04 billion and reaffirmed its full-year revenue guidance, signaling confidence despite economic uncertainties and ongoing trade tensions under President Trump's administration. Netflix's strong performance is attributed to membership growth, higher pricing, and robust demand for its lower-priced, ad-supported tier, which now accounts for 55% of new sign-ups where available. The company has stopped reporting subscriber numbers quarterly, but its last disclosure showed over 300 million global subscribers. Analysts remain bullish on Netflix's competitive position and long-term growth prospects, noting its relative resilience to tariffs and recession risks. Despite competitive challenges and potential impacts from discretionary spending cuts, Netflix continues to dominate the streaming market and aims to double revenue by 2030.