2 days agoNetflix predicts sustainable growth despite economic turbulence and Trump tariffs
Periskopi(a year ago)
(a year ago)Netflix continues to maintain a stable and optimistic attitude against President Donald Trump's uncertain economic climate and new tariff policies. Company leaders confirmed Thursday that they expect sustainable revenues for the year and are convinced that broadcasting service will face any challenges that may come. [...]
After publishing an income report exceeding analysts' expectations, together - Netflix CEO Greg Peters stressed that no significant change in customer behavior has been observed.
“We have not seen any significant changes in customer behavior,” he said, addressing concerns on Wall Street that new Trump policies could affect consumer spending for transmission services.
The immediate response to financial markets was positive, with Netflix shares rising by 2.7% in post-work hours trading. During this year, Netflix action has increased by 9%, in contrast to a 10% decline in the wider S&P 500 (.SPX) index.
With over 300 million global users, the company has marked continued growth of subscribers, especially for the low-priced advertising plan, which, according to Peters, represents 55% of new records in countries where it is available. /Periscope
