The CNBC reported that Netflix stock prices reached their highest point yet while the company achieved a 10-day winning streak that outdid its previous nine-day peak from 2018-2019. The April 17 earnings report showed Netflix achieved 13% Q1 revenue growth through strong subscription and ad sales while its stock price increased more than 30% since President Trump took office in January. The company predicts its revenue will reach between $43.5 billion and $44.5 billion during 2025.
The entertainment industry shows no signs of decline according to Co-CEO Greg Peters because business operations have not experienced any major disruptions. JPMorgan analysts predict additional growth for Netflix because the company leads the streaming market and will benefit from its upcoming advertising upfronts in May.
The price increases of $17.99 for standard and $7.99 for ad-supported and $24.99 for premium have not diminished Netflix’s consumer value. The company has discontinued its practice of reporting subscriber numbers because it now focuses on revenue reporting. The combination of global reach and recession-proof business model makes Netflix the market leader as traditional media faces threats from tariffs.
