Greg Peters, general director of Netflix, speaks in a speech about the future of entertainment on Mobile World Congress 2023.
Joan Cros Nurphoto | Getty images
Netflix The management sent on Thursday that everything is good with business in the face of economic turbulence. But his year -round perspective tells a slightly more refined story.
Netflix has published a large rhythm According to Streetaccount, on the first quarter, on the first quarter, reporting 31.7% compared to the estimated average of 28.5%. And he was guided much above the estimates of analysts for the second quarter – 33.3% compared to the average respect at 30%.
Thanks to its own phrasing, Netflix was “forward” from its own tips in the first quarter and “follows the middle point of our scope of 2025”.
Despite this, Netflix refused to change any of his long -term forecasts. This suggests that Netflix is not so sure of its second half.
“Since our last report from our earnings, there has not been a significant change in our general business prospects,” wrote Netflix in a quarterly note for shareholders.
The consumer sentiment in the USA has been at the second level since 1952 as new tariff policies of President Donald Trump Roil markets.
Greg Peters, co-coo, noticed during the conference of the company that Netflix in the past “was generally quite resistant” to an economic slowdown. Home Entertainment is a cheaper form of free time than most other classes. The Netflix monthly subscription with ads costs 7.99 USD.
However, the question remains how – or whether the economic slowdown would pinch American portfolios and would force a higher departure between stream subscriptions.
Netflix stopped in this quarter by reporting quarterly numbers of subscribers, so the company will probably not describe in detail if it sees the customer's slowdown this year, except for reporting revenues and profit.
Revenues in the first quarter of $ 10.5 billion were more or less consistent with the expectations of analysts, while the guidelines in the second quarter of $ 11 billion are slightly above.
“Stop, it is stable and strong. We have not seen anything significant in the Mix or plan plan,” said Peters. “Things usually look stable.”