Netflix Exceeds Earnings Estimates , As Subscribers Increase.<br />Netflix Exceeds Earnings Estimates , As Subscribers Increase.<br />Netflix released a Q1 earnings report on April 18, indicating that its number of subscribers jumped 16% year-over-year to reach 269.6 million.<br />Analysts only expected the streamer to have about 264.2 million subscribers, CNBC reports. .<br />The company also brought in $9.37 billion in revenue versus analysts' expectations of $9.28 billion. .<br />However, Netflix said that its membership numbers are no longer the main factor contributing to the company's growth.<br />As a result, the company will stop providing "quarterly membership numbers or average revenue per user" beginning in 2025, CNBC reports. .<br />Instead, it will divulge "major subscriber milestones as we cross them.".<br />Price hikes, terminating password sharing <br />and offering an ad-supported tier are all tactics that have boosted revenue.<br />Netflix is also seeking to gain traction within the video game space and recently partnered with TKO Group Holdings to offer WWE on the platform.<br />We’re in the very early days of <br />developing our live programming and <br />I would look at this as an expansion of <br />the types of content we offer, the way <br />we expanded to film and unscripted and <br />animation and most recently games, Ted Sarandos, co-CEO of Netflix, via earnings call.<br /> We believe that these kind of event cultural <br />moments like the Jake Paul and Mike Tyson <br />fight are just that kind of television, and we <br />want to be part of winning over those <br />moments with our members as well, so that <br />for me is the excitement part of this, Ted Sarandos, co-CEO of Netflix, via earnings call.<br />As of the morning of April 18, <br />Netflix's stock was up 27%
