Instant Reaction: Netflix Logs Record Profit, But Withholds User Data

Bloomberg Surveillance

Bloomberg

News, Business News, Business

4 • 1.1K Ratings

🗓️ 17 April 2025

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

Netflix reported first-quarter profit that exceeded Wall Street forecasts, boosted by a recent price increase and a strong slate of programming across the globe, like the hit UK series Adolescence. The owner of the world’s most popular online TV network said in a statement Thursday that earnings rose 25% to $6.61 a share, easily beating analysts’ estimates of $5.68. Sales grew 13% to $10.5 billion, in line with projections. This is the first time Netflix has reported financial results without disclosing how many customers it added or lost — the main yardstick investors previously used to gauge the company’s performance. Management is forcing investors to judge its success or failure based on more traditional financial metrics. The company boosted operating income by 27% to $3.3 billion, beating expectations of $3 billion. Its operating margin of 31.7% was more than three percentage points above its own forecast.
For instant reaction and analysis, hosts Carol Massar and Tim Stenovec speak with Bloomberg News Entertainment Reporter Lucas Shaw and Mark Douglas, President and CEO of MNTN.

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0:00.0	Join Bloomberg in San Francisco or via live stream on June 3rd for the Future Investor,
0:05.8	finding the opportunities.
0:07.4	This 2025 event series will examine how companies are investing in their businesses to create
0:11.9	efficiencies, innovating their products and services, and improving the customer experience.
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0:20.9	Register at Bloomberg Live. slash Future Investor SF.
0:24.6	That's Bloomberg.
0:25.2	Live.com slash future investor SF.
0:32.0	Bloomberg Audio Studios, Podcasts, Radio News.
0:38.9	This is a breaking news update from Bloomberg.
0:42.9	Instant reaction and analysis from our 3,000 journalists and analysts around the world.
0:49.6	Okay, Netflix shares finally bouncing around a little bit, up about 2% in the after hours.
0:54.0	The company did just report first quarter profit that exceeded estimates.
0:58.2	It was boosted by a recent price increase, a strong slate of programming across the globe,
1:02.1	like the UK hit series adolescence.
1:04.6	I want to bring Lucas Shaw in right now.
1:06.5	He's been all over this story, and he's all over this company and has been for years.
1:10.6	Lucas, this report is unique because it's the first time they haven't reported subscriber data.
1:15.3	We knew this was coming.
1:16.3	Everybody knew this was coming.
1:18.1	Is there a way to back into that number?
1:20.7	Or are investors just ignoring that now?
	...

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