Categories AlphaGraphs, Earnings, Technology
Netflix (NFLX) Q1 2024 profit tops expectations; adds 9.3Mln subscribers
Streaming giant Netflix, Inc. (NASDAQ: NFLX) Thursday reported a sharp increase in net profit for the first quarter of 2024. Revenues were up 15% year-over-year. Both numbers exceeded Wall Street’s estimates.
Net income came in at $2.33 billion or $5.28 per share in Q1, compared to $1.30 billion or $2.88 per share in the corresponding period of 2023. Analysts had forecast a slower earnings growth.
The bottom line benefitted from a 15% increase in first-quarter revenues to $9.37 billion, which also came in above estimates. The company added 9.33 million new members and ended the quarter with a total of 269.60 million paid subscribers.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
ADSK Earnings: Highlights of Autodesk’s Q4 2025 report
Autodesk, Inc. (NASDAQ: ADSK) has reported a double-digit increase in revenues and adjusted earnings for the fourth quarter of 2025 amid strong demand for its products. The design software company’s
Monster Beverage (MNST) Earnings: 4Q24 Key Numbers
Monster Beverage Corporation (NASDAQ: MNST) reported its earnings results for the fourth quarter of 2024. Net sales increased 4.7% year-over-year to $1.81 billion. Net sales on a foreign currency adjusted
HPQ Q1 Call Highlights: AI PC Adoption, Supply Chain Resilience and Subscription Milestones!
HP Inc., a leading provider of computers, printers, and printer supplies, in its Q1 earnings call discusses about the comprehensive picture of their current business strategy and market positioning. The
