Get the latest gossip
Netflix Keeps Things Humming In Q1, Topping Wall Street Expectations
Netflix topped Wall Street's first-quarter expectations, with total revenue of $10.543 billion and earnings per share of $6.61.
Against that backdrop, Wall Street analysts had pegged Netflix as one of the least-vulnerable companies in media, given that it is a provider of service as opposed to physical goods. The first quarter brought some more highlights on the programming front, with Adolescence in March quickly rising to near the top of the company’s all-time list of most-streamed series. A sequel is said to be in the works for the show, whose producers include Brad Pitt’s Plan B. WWE Raw also debuted on Netflix in January, providing a solid live weekly draw after a multi-million rights deal to bring the wrestling property from cable TV to streaming.
Or read this on Deadline