Netflix stated 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 web revenue additionally grew to $2.9 billion, and the corporate says it expects extra progress within the coming months when it sees “the total quarter profit from latest worth adjustments and continued progress in membership and promoting income.”
The corporate says its ad-supported plan permits it to “supply cheaper price factors for customers whereas creating a further income and revenue stream.” It additionally launched its personal promoting know-how platform earlier this month.