Netflix reports record profit, unaffected by economic uncertainty, tariffs

Netflix Inc. reported record profit to start the year, allaying concerns of a slowdown or fears the streaming leader might be hurt by growing economic uncertainty.

First-quarter earnings rose 25 per cent to $6.61 a share, the company said Thursday, easily beating analysts’ estimates. Sales grew to $10.5 billion, in line with projections. The results were boosted by a recent price increase and a strong slate of programming across the globe, like the hit UK series Adolescence.