Netflix reported a robust quarter, with profit growing 82.7% to US$4.9 billion ($5.3 billion) in the first quarter compared to the same period last year, a performance the company attributes to the expansion of subscribers and the new focus on podcasts.
In the first quarter, revenues increased by 16%, reaching 11.3 billion euros (12.3 billion dollars).
Operating profit rose 18.2%, to 3.6 billion in European currency (four billion dollars), a value that the company justifies with higher-than-expected revenues.
Management attributed the improvement to recent tariff changes and growth in advertising revenue, which Netflix projects at around 32.8 billion in 2026 — double the previous year.
In the statement, the company also highlighted the competitive intensity of the sector and reaffirmed that it is taking advantage of its position to gain traction.
For the second quarter, the forecast points to revenues of 11.57 billion euros, an expected increase of 13.5%, and an estimated profit of 3.1 billion.
For the entire financial year, Netflix maintains its revenue target around or even exceeding 47 billion, which corresponds to projected annual growth of between 12% and 14%.
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