Netflix Inc. announced on Thursday that its revenue in the first quarter of fiscal 2025 was $10.5 billion, rising by 12.5% year-on-year and slightly surpassing analysts' expectations.
Operating income stood at $3.3 billion, rising by 27% on an annual basis, while net income came in at $2.9 billion, up 24% year-on-year. The company's diluted earnings per share (EPS) were $6.61, jumping 25% compared to the same quarter in 2024 and landing above expectations.
"In Q2'25, we expect revenue growth of 15% (+17% F/X neutral) as we see the full quarter benefit from recent price changes and continued growth in membership and advertising revenue. We project operating margin of 33%, a ~6 percentage point year-over-year improvement. We continue to forecast 2025 revenue of $43.5B-$44.5B, which assumes healthy member growth," the streaming media company said in its letter to shareholders. The company's stock climbed 4.42% to sell at $1,015.999 apiece at 4:19 pm ET, in after-hours trading.
