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Netflix Posts Strong Earnings Growth, Fueled by Original Shows, Live Sports, and Games

The company’s stock surpassed the $1,000 mark in after-hours trading on April 17.
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Netflix Posts Strong Earnings Growth, Fueled by Original Shows, Live Sports, and Games
The Netflix logo on top of its office building in Los Angeles on Jan. 20, 2022. Robyn Beck/AFP via Getty Images
Panos Mourdoukoutas
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News Analysis
Netflix reported strong first-quarter results, with higher revenues and earnings, driven by popular original series such as “Adolescence,” new films such as “Back-in Action,” and live sports like WWE RAW. The company’s stock jumped, surpassing the $1,000 mark in after-hours trading on April 17, following the release of its first-quarter financial report.
Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”