Categories: AlphaGraphs

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

Recent Posts

Earnings Summary: A snapshot of Duke Energy’s Q4 2025 report

Energy holding company Duke Energy (NYSE: DUK) announced financial results for the fourth quarter of…

35 minutes ago

Earnings Summary: Marriott International (MAR) reports higher Q4 FY25 adj. profit

Marriott International, Inc. (NASDAQ: MAR) on Tuesday reported an increase in adjusted earnings for the…

1 hour ago

Aramark Holdings Q1 Revenue Tops Estimates; Shares Mixed After Close

Aramark Holdings Corp (NYSE: ARMK) shares closed at about $38.77 on Monday, marking a modest…

1 hour ago

S&P Global (SPGI) reports double-digit growth in Q4 adj. earnings; revenue up 9%

S&P Global (NYSE: SPGI), a leading provider of financial intelligence solutions, reported strong earnings growth…

2 hours ago

Fiserv (FISV) Earnings: 4Q25 Key Numbers

Fiserv Inc. (NASDAQ: FISV) reported its fourth quarter 2025 earnings results today. Revenue increased 1%…

2 hours ago

Incyte Corporation Reports Strong 2025 Fiscal Results and Provides 2026 Guidance

Incyte achieved total revenue of $5.14 billion for the full year 2025, a 21% year-over-year…

2 hours ago