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Netflix posts another strong quarter of subscriber gains as earnings surge past estimates

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Netflix reported first quarter earnings after the bell on Thursday. Here's what to know.

) reported first quarter earnings that beat across the board on Thursday with another 9 million-plus subscribers added in the quarter. Shares climbed above 3% in after-hours trading.

Revenue beat Bloomberg consensus estimates of $9.27 billion to hit $9.37 billion in the quarter, an increase of 14.8% compared to the same period last year, as the streamer leaned on revenue initiatives like itsEarnings per share also beat estimates in the quarter with the company reporting EPS of $5.28, well above consensus expectations of $4.52 and nearly double the $2.88 EPS figure it reported in the year-ago period. Netflix guided to second quarter EPS of $4.

 

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