Close this search box.
Blog » Finance » Netflix’s financial report highlights the success of the streaming service

Netflix’s financial report highlights the success of the streaming service


Netflix’s financial report highlights that 9.33 million subscribers have joined the streaming service.

Today, Netflix reported its first-quarter earnings report, and there is a lot for the content giant to be happy about. The company would open the report by saying “revenue was up 15%, our operating income grew by 54% and our operating margin rose by seven percentage points to 28%.”

Netflix Q1 Report

Netflix’s financial prowess was further underscored by its revenue of $9.37 billion, a figure that surpassed the $ 9.26 billion projected by analysts and industry experts. This translates to an impressive $5.28 of earnings per share, outperforming the anticipated $4.51.

Netflix’s report reveals a staggering 270 million subscribers across 190+ countries, with an average of more than two people per household. This translates to an audience of over half a billion people, a scale and ambition unparalleled in the entertainment industry. The report emphasizes, ‘to cater to such a vast audience, we strive to offer a diverse range of compelling stories that cater to various tastes.’

The improvement in subscriber numbers can be attributed to a crackdown on password sharing. Netflix has been determined to reduce the number of users who can access a singular account, so the surge in numbers could be attributed to that brick wall being in place, and those hoping to access their catalog will have to pay up.

Salaries were also capped by Netflix for executives. Still, according to the Hollywood Reporter Co-CEO Greg Peters, his annual compensation grew from $26 million last year to almost double the following year. So the streaming platform’s shareholders must be happy with this upward trajectory.

This SEC filing would include Peters’ base salary of $2.89 million, stock awards of $22.7 million, a bonus of $13.9 million and all other compensation totaling $620,602, which relates to use of the company aircraft.”

Image: Ideogram


About Due

Due makes it easier to retire on your terms. We give you a realistic view on exactly where you’re at financially so when you retire you know how much money you’ll get each month. Get started today.


Top Trending Posts

Due Fact-Checking Standards and Processes

To ensure we’re putting out the highest content standards, we sought out the help of certified financial experts and accredited individuals to verify our advice. We also rely on them for the most up to date information and data to make sure our in-depth research has the facts right, for today… Not yesterday. Our financial expert review board allows our readers to not only trust the information they are reading but to act on it as well. Most of our authors are CFP (Certified Financial Planners) or CRPC (Chartered Retirement Planning Counselor) certified and all have college degrees. Learn more about annuities, retirement advice and take the correct steps towards financial freedom and knowing exactly where you stand today. Learn everything about our top-notch financial expert reviews below… Learn More