The company had nearly 11.7 million total subscribers at the end of March. Adjusted operating profit grew 21.9 percent compared with the same quarter a year ago.
Category: Company Reports
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Disney’s Park Business Grows Despite Consumer Angst
The company’s domestic theme parks have long been seen as a bellwether for consumer confidence. Revenue climbed 9 percent, to $6.5 billion, in the latest quarter.
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Ford Says Tariffs Will Cost Company $1.5 Billion in 2025
Ford Motor also reported a sharp drop in profits in the first three months of the year.
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Warren Buffett Criticizes Trump’s Trade Policies
“Trade should not be a weapon,” he said at Berkshire’s annual shareholders’ meeting. Investors had been awaiting his comments on trade, given the conglomerate’s status as an economic bellwether.
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Exxon and Chevron Report Lower Profits While Girding for Tariffs
President Trump’s trade policies have helped to push down oil prices while raising the costs of materials for oil and gas companies.
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Amazon Says Operating Profits May Decline Amid Economic Uncertainty
The company reported overall mixed results, sending share prices down in after-hours trading.
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Tesla Chair Denies That Board Sought to Replace Elon Musk
Robyn Denholm, who leads Tesla’s board, said on social media that board members were “highly confident” in Mr. Musk, the company’s chief executive.
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In an Uncertain Economy, McDonald’s Sees Spending Decline
The burger giant, a much-watch barometer for consumer sentiment, reported lower revenue in the first quarter.
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Starbucks Profit Drops, but Leaders Say Turnaround Is Working
Profit fell 50 percent in the quarter, and the company said one reason was its hiring of additional workers to help its turnaround strategy.
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UPS Says It Will Cut 20,000 Jobs in Efficiency Drive
The move comes as President Trump’s tariffs are reducing shipping volumes and is in addition to 12,000 job cuts last year.
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Tesla’s Falling Profit May Pressure Elon Musk to Return to Day Job
The carmaker is expected to report a decline in quarterly earnings after Tesla’s brand suffered because of its chief executive’s role in the Trump administration.
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Netflix Beats First-Quarter Forecasts
The streaming giant brought in $10.5 billion in revenue in the first three months of the year. For the first time, it didn’t disclose its quarterly subscriber figures.