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Wemby shines on comeback as Spurs stun Thunder, Knicks down Magic
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McCullum admits England have been 'nowhere near' their best
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Wembanyama stars as Spurs stun Thunder to reach NBA Cup final
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Cambodia-Thailand border clashes enter second week
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Gunman kills two, wounds nine at US university
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Green says no complacency as Australia aim to seal Ashes in Adelaide
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Islamabad puts drivers on notice as smog crisis worsens
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Higa becomes first Japanese golfer to win Asian Tour order of merit
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Tokyo-bound United plane returns to Washington after engine fails
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Deja vu? Trump accused of economic denial and physical decline
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Vietnam's 'Sorrow of War' sells out after viral controversy
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China's smaller manufacturers look to catch the automation wave
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For children of deported parents, lonely journeys to a new home
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Hungary winemakers fear disease may 'wipe out' industry
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Chile picks new president with far right candidate the front-runner
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German defence giants battle over military spending ramp-up
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Knicks reach NBA Cup final as Brunson sinks Magic
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Quarterback Mendoza wins Heisman as US top college football player
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Knicks reach NBA Cup final with 132-120 win over Magic
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Campaigning starts in Central African Republic quadruple election
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NBA Cavs center Mobley out 2-4 weeks with left calf strain
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Tokyo-bound United flight returns to Dulles airport after engine fails
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Hawks guard Young poised to resume practice after knee sprain
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Salah back in Liverpool fold as Arsenal grab last-gasp win
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Raphinha extends Barca's Liga lead, Atletico bounce back
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Glasgow comeback upends Toulouse on Dupont's first start since injury
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Two own goals save Arsenal blushes against Wolves
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'Quality' teens Ndjantou, Mbaye star as PSG beat Metz to go top
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Trump vows revenge after troops in Syria killed in alleged IS ambush
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Maresca bemoans 'worst 48 hours at Chelsea' after lack of support
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Teenage pair Ndjantou, Mbaye star as PSG beat Metz to go top
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Drone strike in southern Sudan kills 6 UN peacekeepers
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Crime wave propels hard-right candidate toward Chilean presidency
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Terrific Terrier backheel helps lift Leverkusen back to fourth
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'Magic' Jalibert guides Bordeaux-Begles past Scarlets
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Teenage pair Ndjantou and Mbaye star as PSG beat Metz to go top
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Anglo-French star Jane Birkin gets name on bridge over Paris canal
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US troops in Syria killed in alleged IS ambush
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Jalibert masterclass guides Bordeaux-Begles past Scarlets
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M23 marches on in east DR Congo as US vows action against Rwanda
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Raphinha double stretches Barca's Liga lead in Osasuna win
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Terrific Terrier returns Leverkusen to fourth
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Colts activate 44-year-old Rivers for NFL game at Seattle
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US troops in Syria killed in IS ambush attack
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Liverpool's Slot says 'no issue to resolve' with Salah after outburst
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'Stop the slaughter': French farmers block roads over cow disease cull
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Stormers see off La Rochelle, Sale stun Clermont in Champions Cup
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Maresca hails Palmer as Chelsea return to winning ways against Everton
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Hungarian protesters demand Orban quits over abuse cases
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Belarus frees protest leader Kolesnikova, Nobel winner Bialiatski
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.
K.Brown--BTB