Netflix’s earnings report looked different this time around
Image Credit: businessinsider- Netflix reported a strong first-quarter earnings beat with earnings rising 25% to $6.61 per share and sales growing 13% to $10.5 billion, surpassing analyst expectations.
- For the first time, Netflix did not disclose quarterly subscriber numbers, shifting focus to ad sales and plans for sports and creator content as part of growth strategies.
- The company launched its ad tech platform on April 1 and is expanding it to remaining ad countries, competing with companies like Amazon.
- Netflix co-CEO Ted Sarandos indicated potential future offerings including video podcasts as part of evolving content to maintain growth.
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