Netflix’s financial report highlights the success of the streaming service

Netflix’s financial report highlights that 9.33 million subscribers have joined the streaming service.

Today, Netflix reported its first-quarter earnings report, and there is a lot for the content giant to be happy about. The company would open the report by saying “revenue was up 15%, our operating income grew by 54% and our operating margin rose by seven percentage points to 28%.”

Netflix Q1 Report

Netflix’s financial prowess was further underscored by its revenue of $9.37 billion, a figure that surpassed the $ 9.26 billion projected by analysts and industry experts. This translates to an impressive $5.28 of earnings per share, outperforming the anticipated $4.51.

Netflix’s report reveals a staggering 270 million

→ Continue reading at Entrepreneur

More from author

Related posts

Advertisment

Latest posts

UAW union vote at Volkswagen could have big implications for US auto industry and labor’s strength in South | CNN Business

New York CNN  —  Renee Berry has been working at the Volkswagen plant in Chattanooga, Tennessee since 2010, shortly...

Apple deletes WhatsApp, Threads from China app store on orders from Beijing | CNN Business

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts...

Oil prices jump on escalating tensions in the Middle East | CNN Business

Hong Kong CNN  —  Oil prices jumped on Friday while Asian markets tumbled, with global investors worrying about an...