04:07 pm
14 May 2025

Netflix and Chill

News | | 0 | by
Netflix and Chill

Netflix is reporting record profits in its first-quarter earnings report. 

The streaming giant tallied nine-point-four billion dollars in revenue and gained over two-point-five million subscribers, well above estimates.  Despite this, the company’s revenue is expected to decline next quarter.  After the earnings report was released Netflix shares fell slightly, but remain high.  The streamer has been regaining ground since their stock price cratered in 2022, before the company experienced its best year ever in terms of revenue, profits and subscriber growth in 2023.

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