Netflix mentioned in its first quarter earnings report on Thursday that income reached $10.5 billion within the months because it raised costs. That’s a 13 p.c enhance over the identical time final 12 months.
The streaming service’s internet earnings additionally grew to $2.9 billion, and the corporate says it expects extra development within the coming months when it sees “the complete quarter profit from latest worth adjustments and continued development in membership and promoting income.”
The firm says its ad-supported plan permits it to “supply cheaper price factors for customers whereas creating an extra income and revenue stream.” It additionally launched its personal promoting expertise platform earlier this month.
