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The Netflix CO-PDG, Gregory Peters, is not concerned about the streaming service on demand despite increasing concerns concerning the economy, claiming that the entertainment industry has proven to be “resilient” in difficult periods.
“We also comfort ourselves in the fact that entertainment has historically been fairly resilient in stricter economic times,” said Peters in the report on the first quarter of the company. He added that “Netflix specifically was also generally quite resilient, and we have not seen any major impact during these more difficult moments, although, of course, on a much shorter story”.
This comes as analysts wonder if President Donald Trump’s prices could push the United States into a recession, forcing consumers to reconsider their expenses in streaming services.
“We also comfort ourselves in the fact that entertainment has historically been fairly resilled in more difficult economic times,” said Netflix CO-PDG Gregory Peters. (Thanks to Comcast / Fox News)
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However, Peters said that the company’s low cost advertisement plan, from $ 7.99, which is available on its largest markets “also gives us more resilience”.
The level at a lower price of Netflix, at a lower price of Netflix, which was launched at the end of 2022, proved popular among consumers, because it represents 55% of its new registrations in the countries where it is available.
Netflix’s quarterly results beat Wall Street targets, optimistic income prospects
Peters said that society had paid particular attention to the “feeling of consumers and where the wider economy evolves”, but there is nothing important to note.
| Teleprinter | Security | Last | Change | Change % |
|---|---|---|---|---|
| Nflx | Netflix inc. | 973.03 | +11.40 | + 1.19% |
During the three -month period ending in March, Peters said that customer loyalty had been “stable and solid”.
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He also added that the most recent price changes in the company were in line with expectations and that “the commitment remains strong and healthy”.
Netflix exceeded the expectations of Wall Street for quarterly results and offered bullish income prospects on Thursday, signaling confidence in the economic uncertainty.
Netflix reported Revenue of $ 10.54 billion for the first quarter, pouring the estimates of past analysts of $ 10.52 billion, according to data compiled by LSEG.
The profits diluted by share of $ 6.61 exceeded the consensual estimates of $ 5.71. The company has published successes such as the limited series “Adolescence” “Thriller Drama” Zero Day “and the unicated series” Island temptation “during the quarter.
The company provided that revenues would reach $ 11.04 billion from April to June, above the $ 10.90 billion analyst’s consensus, “driven mainly by members’ growth and higher prices”.
Netflix said turnover of $ 10.54 billion for the first quarter. (Nikos Pekiaridis / Nurphoto via Getty Images / Getty Images)
Netflix has more than 300 million global subscribers. In January, the company said it added a record of 18.9 million subscribers in the fourth quarter of 2024.
Reuters contributed to this report.
