Highlightsnetflix shares are sharply higher in after-hours trading after reporting first-quarter . Earnings that beat earnings expectations. Revenue was in line with wall street consensus.Netflix said demand . Is stable amid macroeconomic turmoil, due Generate Leads With and Increase Engagement to a low-cost plan in its largest markets and . Entertainment being largely resilient to economic shocks.A slowdown in ad revenue will not affect netflix . Much since it is a small portion of its total revenue.Shares of netflix are sharply . Higher in after-hours trading on thursday (april ), as the world’s largest online streaming platform .
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Reported first-quarter earnings that beat the namibia phone number data wall street consensus and revenue that was in line . With expectations.Netflix executives said that they see no impact from president trump’s tariffs that have . Been roiling the macroeconomic picture — and don’t expect it to be a major factor . Going forward.“we’re paying close attention, clearly, to the consumer sentiment and where the broader economy . Is moving, but based on what we are seeing by actually operating the business right . Now, there’s nothing really significant to note,” said greg peters, co-ceo of netflix, during a .
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Conference call with analysts to discuss first-quarter earnings.Peters said the company also takes comfort in . The fact that “entertainment, historically, has been pretty resilient in tougher economic times.” that’s because . Whether people are happy or sad, they still watch tv and movies.In past recessions, netflix . Has been “generally install a reliable antivirus program quite resilient,” peters added, meaning the company expects to do the same . If a recession comes today.Moreover, peters pointed out that netflix offers an ad-support $ a . Month plan in its largest markets, which is an “incredible entertainment value” that “also gives .
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Us more resilience.”“it’s an accessible price point, and we really do expect the demand for . Entertainment to remain strong,” peters said.As for macroeconomic uncertainty cutting into advertising revenue, peters said . Advertising remains a small part of the top line so it would not have a . Big impact. “that smallness probably provides us an insulation to market shifts right now,” he . Said.Netflix is the reigning online streaming platform with million subscribers, followed by prime video (over . Million) and disney+ ( million).
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Netflix reported first quarter net income of $ billion, or $ . Per diluted share, compared with $ billion, or $ per share in the like quarter . A year hong kong phone number earnings. Revenue came to $ billion, up from $ billion. Netflix was expected . To earn $ per share on revenue of $ billion, according to a consensus of . Analysts’ estimates.Cfo spencer neumann said on the call that subscriber growth was “healthy” in the . First quarter, without elaborating. The just-concluded quarter is the first time netflix did not disclose .