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Netflix beats estimates with strong Q1 earnings

Photo by Ted Soqui/Corbis via Getty Images

Netflix stock was up over 7% in after-hours trading Monday, after the company announced that it beat Wall Street expectations for user growth and revenue, yet again. The company added 7.41 million new subscribers, compared to 6.4 million expected.

Why it matters: A strong Q4 had analysts and investors worried that the streaming giant wouldn't be able to recreate its blockbuster success, especially given that current competitors, like Amazon and Hulu, continue to grow while potential competitors, like Disney, are preparing to build rival services.

By the numbers:

  • Revenue: $3.7 billion vs. $3.69 billion expected by Thomson Reuters.
  • Earnings per share: 67 cents vs. 64 cents expected by Thomson Reuters.
  • Total subscription additions: 7.41 million vs. 6.4 million expected by Netflix.
  • Domestic subscriber additions: 1.95 million vs. 1.5 million expected by analysts.
  • International subscriber additions: 5.46 million vs. 5 million expected by analysts.
Axios 11 hours ago
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Axios situational awareness

🇫🇷 Macron sums up his Trump visit — 🎖️ Ronny Jackson looks set to withdraw — 🌊 Kanye is the talk of the White House

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Mike Allen 11 hours ago
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Macron's blunt postgame

Collage: Sarah Grillo/Axios; Photos: Getty Images

French President Emmanuel Macron said at a remarkably candid postgame for a small group of reporters last evening that his State Visit left him convinced President Trump will withdraw from the nuclear deal with Iran, and that the U.S. president wants to create "a series of new Trump's deals."

His big takeaway: "[Y]our president is a dealmaker. You always have to understand the rationale of your counterpoint. He's a dealmaker. So he wants to find a deal and he wants to find a deal under his condition."