Netflix latest earnings and surprisingly stable outlook defies the souring economy and plummeting consumer confidence

Quick Summary:

Netflix shares surged 4% in after-hours trading after reporting a strong quarter and also maintaining its guidance for the rest of the year.

The streaming service also hopes to grow its ad sales business to $9 billion annually during that same timeframe.

The company also announced at the time that its standard plan would increase to $17.99 per month.

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Article Details

Author / Journalist: Jason Del Rey

Category: EconomyBusiness

Markets: United States

Topics: Fortune 500 Companies Netflix

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-17 @ 21:12:46 (2 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 342 words

Reading Time: 2 minutes read

Sentences: 4 lines

Sentence Length: 86 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27968851

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 12 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

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Publisher ID: #95

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