Netflix mentioned in its first quarter earnings report on Thursday that income reached $10.5 billion within the months because it raised costs. That’s a 13 % enhance over the identical time final yr.
The streaming service’s internet revenue additionally grew to $2.9 billion, and the corporate says it expects extra progress within the coming months when it sees “the complete quarter profit from current value modifications and continued progress in membership and promoting income.”
Throughout an earnings name on Thursday, Netflix co-CEO Greg Peters mentioned the corporate expects to “roughly double” promoting income in 2025. The corporate launched its personal promoting expertise platform earlier this month.
Replace, April seventeenth: Added an replace from Netflix’s earnings name.