(AOF) – Netflix revealed better than expected subscriber growth last night. In the first quarter, the streaming specialist recruited 9.33 million subscribers, bringing the total to more than 269.60 million thanks in particular to the fight against password sharing. The market anticipated 4.84 million additional customers.
Between January and March, the group achieved a net profit of $2.33 billion, or $5.28 per share, compared with a net profit of $1.3 billion ($2.88 per share) a year ago. year earlier. Earnings per share were above the consensus of $4.51. The group’s turnover increased by 14.8% to $9.37 billion. Wall Street was targeting $9.26 billion.
For the second quarter, the group expects earnings per share of $4.68 and revenues of $9.49 billion, an increase of 15.9%. The market is, however, more optimistic and is targeting $9.537 billion.
For the year, Netflix anticipates revenue growth of between 13% and 15% and an operating margin of 25% compared to 24% previously.
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