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US Open under the influence: content creators spark debate
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Raiders to start Cousins over top NFL Draft pick Mendoza
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NBA hammers Clippers over Leonard salary cap violations
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Palantir chief says France's digital sovereignty push 'backfiring'
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NBA strips five first-round draft picks from Clippers for Leonard salary cap violations
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US energy firms dominate Venezuela deals worth billions
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Kane brace helps Bayern win German Cup opener
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Iran, US trade threats after escalation in fighting
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Migrant plight, local anger divide Ceuta one month after influx
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US jury deadlocks again in Lindsay Clancy's child murder trial
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Outrage as Maltese tycoon acquitted of reporter's murder
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Lake America? No way, Canadians say
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Rare train of Pacific cyclones fueled by historic El Nino
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Spain report flags Moroccan police failings in Ceuta migrant rush
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Macron, King Charles hail UK-France ties after viewing Bayeux Tapestry
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Tech bosses press G20 to build data centers, but split on risk
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Fury hits out at 'coward' Joshua as 'Battle of Britain' talks go on
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Dolly Parton to get new Hollywood star after vandalism
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Maltese tycoon acquitted of masterminding reporter's murder
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Trump 'happy' Prince Harry and Meghan have left US
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George Clooney: a Hollywood icon and campaigner
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Michelson shocks Nakashima in US Open clash of rising Americans
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Europe, US closer than they look on tech rules, says EU tech chief
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Another body recovered after ferry capsizes off northern Cyprus: official
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Clooney honoured as Hollywood-light Venice Film Festival kicks off
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Cupertino Chamber President Claudio Bono Invited to White House with GiveaRoof 3-Year Plan to End Homelessness
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Third-ranked Pegula, Medvedev power into US Open third round
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Trump floats renaming Strait of Hormuz as 'Trump Strait'
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Davis-Woodhall a doubt for Ultimate Championship after car crash
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Man City, Chelsea fuel record-breaking Premier League transfer window
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Third-ranked Pegula powers into US Open third round
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Balogun rejected Everton move over transfer 'treatment'
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Uber says laying off 'about 10%' of workforce worldwide
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Northampton seek 'happy medium' in bid to keep England star Pollock
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US judge rejects bid to break up Google's ad business
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US energy secretary in Venezuela to sign Trump's 'biggest' oil deal
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Rupert Murdoch 'very happy' to be played by Guy Pearce in new film
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Branagh takes on action role in Apple's Cold War comedy 'Mayday'
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Wall Street stocks rise despite bond yields, oil rising
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Lawson fills in again for injured Hadjar at Monza
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Brennan claims third Vuelta victory in stage 11 sprint
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England omit Carse from squad for third Test against Pakistan
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Nepal flood survivors cling to zipline to cross treacherous river
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Venice festival gets underway with Clooney taking swipe at US government
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US Treasury issues $1 coin with Trump's face on it
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DNA tests and funerals in Nepal, a week after deadly floods
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Fernandez 'didn't hesitate' over record Man City move
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Iran threatens tougher strategy after US strikes kill 4 at wedding
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Dutch shift 86 tonnes of gold from US, Canada to UK
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Chevron unveils deal to double Venezuela venture output in 5 years
Netflix earnings in first quarter of 2025 top forecasts
Netflix on Thursday reported quarterly profit of $2.9 billion as revenue grew 13 percent with help from recent subscription price hikes.
The streaming television service said it was "off to a good start in 2025" on revenue of $10.5 billion in the recently ended quarter.
Shares in the Silicon Valley-based company were up more than four percent in after-market trades.
Revenue grew due thanks to slightly higher subscription and ad earnings, along with the timing of some expenses, according to Netflix.
Netflix early this year raised premium and standard memberships in the United States two dollars more per month, to $25 and $18 respectively, while a standard ad-supported tier increased by one dollar.
In a bid to boost sputtering growth, the company launched an ad-subsidized offering in late 2023 around the same time as a crackdown on sharing passwords.
The streaming service had announced in January that a top priority would be growing its ad business.
Netflix has been steadily improving its ad platform as viewers continue to turn away from traditional television to streaming shows on demand.
"We're executing on our 2025 priorities: improving our series and film offering and growing our ads business; further developing newer initiatives like live programming and games; and sustaining healthy revenue and profit growth," Netflix said in a letter to shareholders.
Netflix forecast revenue growth of 15 percent in the current quarter, crediting its lineup of shows and films along with improvements to its ad platform.
"We remain optimistic about our 2025 slate with a lineup that includes returning favorites, series finales, new discoveries and unexpected surprises designed to thrill our members," Netflix told shareholders.
Netflix touted hits including its "Adolescence" series that has logged some 124 million views, and the Spanish-language film "Counterattack" from Mexico.
Netflix said in February it would spend $1 billion over four years producing films and series in Mexico, in a boost to that government's efforts to attract investment in the face of US tariff threats.
Investors view Netflix as a rare haven in a stock market roiled by US President Donald Trump's stop-start tariff plans targeting dozens of trade partners.
This quarter marks a shift by Netflix to stop reporting subscriber numbers along with its earnings figures.
The company, considered by analysts as the leading video streaming service, finished out last year with more than 300 million subscribers.
R.Chavez--AT