Catenaa, Friday, April 18, 2025-Netflix posted revenue growth of 13% in the first quarter aided by higher subscription, ad revenue and the timing of expenses with 700 million estimated audience.
The streaming platform said that in the March quarter, its revenue grew by 13% year on year to $ 10.5 billion and operating income grew by 27% to $ 3.3 billion with earnings per share growing by 25% to $6.61.
Netflix said that it had delivered a solid slate in Q1 with one series Adolescence, which had 124 million views, and films such as Back in Action having 146 million views and Ad Vitam with 63 million views.
“We’re building out our live offering with our Q1 launch of WWE RAW, which has been on our global Top 10 list every week. We also announced Taylor vs. Serrano 3, a historic women’s boxing rematch that will stream on July 11 and opted into a second NFL game for Christmas Day 2025, Netflix said in a statement.
It revenue and profit growth outlook remains unchanging for 2025 with a revenue forecast of $43.5-$44.5 billion and operating margin of 29%.
“We are working hard to improve and expand our entertainment offering with the goal to build the most valued entertainment company for members, creators and shareholders,” it said.
The streamer has an estimated audience of more than 700 million people, with over two-thirds of them living outside the US.
Furthermore, it said that it paid down $800 million of senior notes using proceeds from our 2024 refinancing in the first quarter and repurchased 3.7 million shares for $3.5 billion. It also has $13.6 billion remaining under our existing share repurchase authorization.
Netflix ended the quarter with gross debt of $15.1 billion and cash and cash equivalents of $7.2 billion while In Q2, it has $1 billion of debt maturities.
