Netflix Crushes Q1, Says It's 'Working Hard To Improve And Expand' Its Offering
1. Netflix's Q1 revenue reached $10.54 billion, surpassing estimates. 2. EPS of $6.61 outperformed the consensus estimate of $5.74. 3. Guidance for Q2 revenue is set at $11.04 billion, up 15.4%. 4. Launch of WWE RAW and new 'Squid Game' content drove engagement. 5. Reed Hastings transitioned to non-executive chairman role.