Netflix (NFLX) stock climbed in after-hours trading on Thursday after the company delivered first quarter earnings that beat expectations on both the top and bottom lines and also reiterated full-year revenue guidance.
Netflix reported revenue of $10.54 billion in the first quarter, a 13% year-over-year jump and a beat compared to Bloomberg analyst expectations of $10.50 billion. The company had guided to $10.42 billion.
Earnings per share of $6.61 also beat analyst estimates of $5.68. The company had expected earnings of $5.58 in the first quarter after reporting $5.28 in the prior-year period.
The company guided to revenue for the current quarter above Wall Street expectations, forecasting Q2 revenue of $11.04 billion compared to the $10.88 billion analysts polled by Bloomberg had expected.
For full-year 2025, the company reiterated its prior forecast of $43.5 billion to $44.5 billion revenue growth and operating margins of 29%.