Jeff Sika, the founder of the circle square alternative investment, discussed whether Netflix ‘Varney & Company’ is immune for tariffs.
Netflix cum-CEO Gregory Peters is not worried about on-demand streaming service despite increasing concerns about the economy, saying that Entertainment industry Has proved to be “flexible” in the difficult period.
Peters said in the company’s first quarter earnings report, “We also relax in the fact that historically has been very flexible in historically difficult economic time.” He said that “Netflix has also been especially quite flexible, and we have not seen any major impact during those difficult times, although, of course, on very low history.”
It comes as analysts whether the President Donald Trump’s Tariffs may push America into recession, forcing consumers to reconsider their expenses on streaming services.
Netflix co-CEO Gregory Peters said, “We also take some rest in the fact that historically entertainment has been very flexible in difficult economic time.” (Courtesy of Comcast / Fox News)
Netflix 70 million monthly active users on advertising scheme
However, Peters stated that the company’s low -cost advertising scheme starts at $ 7.99, which is available in its largest markets “also gives us more flexibility.”
Low price of Netflix, Advertising-supported tier launched at the end of 2022 has proved to be popular among consumers, as it is 55% of its new sign-up in countries where it is available.
Netflix quarterly results defeated Wall Street Target, Revenue Outlook Apabit
Peters stated that the company is paying full attention to “consumer spirit and where the broad economy is moving”, but nothing is important to note.
| Langer | Security | Last | Change | Change % |
|---|---|---|---|---|
| Nflx | Netflix Inc. | 973.03 | +11.40 |
+1.19% |
During the three -month period ending in March, Peters stated that the customer retention had been “stable and strong”.
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He also said that the company’s most recent price changes are in line with expectations and “the engagement remains strong and healthy.”
Netflix exceeded Wall Street’s expectations for quarterly results and offered a rapid revenue outlook on Thursday, indicating confidence amid economic uncertainty.
Netflix reported According to data compiled by LSEG, the revenue of $ 10.54 billion for the first quarter, increasing estimates of $ 10.52 billion of previous analysts.
The $ 6.61 per share is more than the consensus estimates of $ 5.71 per share. The company released hits such as limited series “adolescents,” drama thriller “zero de” and unscripted series “Temption Island” during the quarters.
The company estimated that the revenue would be $ 11.04 billion for April for April for April, above the consensus of an analyst of $ 10.90 billion, “mainly operated by membership growth and high pricing.”
Netflix reported revenue of $ 10.54 billion for the first quarter. (Nicos Peciardis / Nurphoto Getty Image / Getty Image)
Netflix has more than 300 million global customers. In January, the company reported that it had added A Record 18.9 million customers In the fourth quarter of 2024.
Reuters contributed to this report.
