Netflix is no longer reporting number of subscribers on a quarterly basis. But it’s still motoring with a hot growth engine, delivering financial results for the first quarter of 2025 that topped Wall Street expectations.
The industry-leading subscription streamer reported Q1 revenue of $10.54 billion, up 12.5%, and earnings per share of $6.61 (compared with $5.28 a year prior). Operating margin was 31.7%, up from 28.1% in Q1 of 2024. It’s the first quarter Netflix will stop disclosing subscriber counts, a longtime metric investors have used to gauge its growth, as the company wants to focus the narrative on financials and user engagement.
