UBS Global Wealth Management Portfolio manager Angie Pneummon discussed the market response amid trade tension and advised customers and investors.
Netflix exceeded Wall Street’s expectations for quarterly results and offered a rapid revenue outlook on Thursday, indicating confidence in the economic uncertainty around President Donald Trump’s irregular tariff plans.
The company’s shares were almost flat after trading at $ 970.10.
Streaming giants also said that its co-founder Reid Hastings had left his post as an executive chairman to become a non-functional chair of the board, “part of our leadership structure and natural development of succession scheme.”
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Netflix co-founder Reid Hastings left his post as an executive chairman to become a non-executive chairman of the board. (Michael M. Santiago / Getty Images / Getty Images)
According to data compiled by LSEG, Netflix reported a revenue of $ 10.54 billion for the first quarter, which raise $ 10.52 billion estimates from 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.
| Langer | Security | Last | Change | Change % |
|---|---|---|---|---|
| Nflx | Netflix Inc. | 973.03 | +11.40 |
+1.19% |
Further, the company estimated that the revenue will be $ 11.04 billion for April through April for April, above the consensus of an analyst of $ 10.90 billion, “mainly operated by membership growth and high pricing.”
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Analysts have raised the possibility that Trump’s economic policies can cause recession that consumers can be reconsidered their streaming expenses.
Netflix reported a revenue of $ 10.54 billion for the first quarter, estimating the previous analysts $ 10.52 billion. (Nicos Peciardis / Nurphoto Getty Image / Getty Image)
But Netflix is unlikely to see “a wave of churning” given its strong market status and popular material, written to Bank of America media analyst Jessica Rif Erlich, although some cost conscious customers can trade at a cheap price level.
Consumers have moved into a low-priced, advertising tier, with a low-priced, advertising tier since launched at the end of 2022. Netflix said that this version of its service is 55% of its new sign-up in countries where it is available.
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Netflix dominates the streaming video market with more than 300 million global customers. In January, the company reported that it added a record 18.9 million customers in the fourth quarter of 2024.
In this quarter, Netflix refused to disclose customer numbers to emphasize other performance matrix including revenue and profit. Analysts have stated that they believe that signs of change forward slow customer development.
