Netflix exceeded Q1 2025 expectations, reporting $10.54 billion in revenue (12.5% increase) and $6.61 earnings per share. This marks the first quarter without subscriber count disclosure, as Netflix prioritizes financial metrics and user engagement. Revenue growth was driven by price hikes in various countries and increased membership. Q2 revenue growth is projected at 15%, with an expected operating margin of 33%. Co-founder Reed Hastings stepped down from his executive chairman role. Netflix also repurchased shares and paid down debt.

Prepared by Christopher Adams and reviewed by editorial team.