The shares of Netflix (NASDAQ: 
NFLX) is surging 3.5% in Friday's premarket session amidst Q1 earnings beat.
Netflix (NASDAQ:NFLX) reported first-quarter earnings that topped analysts’ expectations, sending shares higher in extended trading Thursday, extending the gains to Friday's premarket session.
The streaming giant's revenue grew over 12% YoY to $10.54 billion, above the analyst consensus from Visible Alpha. Net income of $2.89 billion, or $6.61 per share, rose from $2.33 billion, or $5.28 per share, a year earlier, beating Wall Street’s expectations. The period marked the first quarter Netflix did not report subscriber numbers.
Netflix's Gains Come as Subscription Prices Rise
The better-than-expected results came in part due to higher subscription and ad revenues, the company said, along with the timing of expenses.
Netflix had raised prices for its plans in January, hiking its ad-supported plan to $7.99 from $6.99 per month, the standard ad-free plan to $17.99 from $15.49 a month, and its premium plan to $24.99 from $22.99 a month.
Netflix maintained its fiscal 2025 revenue projection of $43.5 billion to $44.5 billion. Analysts on average had expected $44.27 billion. The company's second-quarter revenue forecast of $11.04 billion exceeded Wall Street's estimate of $10.91 billion.
Co-CEO Greg Peters said Netflix expects to double its advertising revenue this year, as the company rolls out its ad tech suite. The suite is live in the U.S. and Canada, with 10 other markets expected in the months to come.
Technical Outlook
As of the time of writing,NFLX shares are up 3.29% in Friday's premarket session. NFLX chart pattern has formed a perfect resistant and support point carved out since the 11th of November, 2024. Should NFLX break the $1064 resistant point, a break out might be imminent for the entertainment giant.
Conversely, failure to break above that point could resort to a cool off to the $800 support point.NFLX RSI is primed for a breakout as it is not oversold nor overbought but well positioned for a bullish move.
NFLX) is surging 3.5% in Friday's premarket session amidst Q1 earnings beat. Netflix (NASDAQ:
NFLX) reported first-quarter earnings that topped analysts’ expectations, sending shares higher in extended trading Thursday, extending the gains to Friday's premarket session.The streaming giant's revenue grew over 12% YoY to $10.54 billion, above the analyst consensus from Visible Alpha. Net income of $2.89 billion, or $6.61 per share, rose from $2.33 billion, or $5.28 per share, a year earlier, beating Wall Street’s expectations. The period marked the first quarter Netflix did not report subscriber numbers.
Netflix's Gains Come as Subscription Prices Rise
The better-than-expected results came in part due to higher subscription and ad revenues, the company said, along with the timing of expenses.
Netflix had raised prices for its plans in January, hiking its ad-supported plan to $7.99 from $6.99 per month, the standard ad-free plan to $17.99 from $15.49 a month, and its premium plan to $24.99 from $22.99 a month.
Netflix maintained its fiscal 2025 revenue projection of $43.5 billion to $44.5 billion. Analysts on average had expected $44.27 billion. The company's second-quarter revenue forecast of $11.04 billion exceeded Wall Street's estimate of $10.91 billion.
Co-CEO Greg Peters said Netflix expects to double its advertising revenue this year, as the company rolls out its ad tech suite. The suite is live in the U.S. and Canada, with 10 other markets expected in the months to come.
Technical Outlook
As of the time of writing,
NFLX shares are up 3.29% in Friday's premarket session. NFLX chart pattern has formed a perfect resistant and support point carved out since the 11th of November, 2024. Should NFLX break the $1064 resistant point, a break out might be imminent for the entertainment giant.Conversely, failure to break above that point could resort to a cool off to the $800 support point.
NFLX RSI is primed for a breakout as it is not oversold nor overbought but well positioned for a bullish move. 
⭐⭐⭐ Sign Up for Free ⭐⭐⭐
1) Download our Mobile App >> link-to.app/dexwirenews
2) Join our Telegram >> t.me/DEXWireNews
3) Sign Up for Text Alerts >>
dexwirenews.com/TEXT
4) Follow @DEXWireNews on Social Media
1) Download our Mobile App >> link-to.app/dexwirenews
2) Join our Telegram >> t.me/DEXWireNews
3) Sign Up for Text Alerts >>
dexwirenews.com/TEXT
4) Follow @DEXWireNews on Social Media
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
⭐⭐⭐ Sign Up for Free ⭐⭐⭐
1) Download our Mobile App >> link-to.app/dexwirenews
2) Join our Telegram >> t.me/DEXWireNews
3) Sign Up for Text Alerts >>
dexwirenews.com/TEXT
4) Follow @DEXWireNews on Social Media
1) Download our Mobile App >> link-to.app/dexwirenews
2) Join our Telegram >> t.me/DEXWireNews
3) Sign Up for Text Alerts >>
dexwirenews.com/TEXT
4) Follow @DEXWireNews on Social Media
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.