Core financial data
1. Revenue and profit
Revenue: $10.54 billion, a year-on-year growth of 12.5%, surpassing the market expectation of $10.51 billion. By region, the Asia-Pacific market showed the strongest growth (+23%), followed by Europe, the Middle East, and Africa (EMEA) (+15%).
Net income: 2.89 billion USD, a year-on-year increase of 24%, setting a new historical high, far exceeding the expected 2.44 billion USD.
Operation profit margin: 31.7%, an increase of 3.6 percentage points year-on-year, and a growth of 1.5 percentage points quarter-on-quarter.
2. Cash / Money Market and EPS
Free cash flow: 2.7 billion USD, a year-on-year increase of 25%.
EPS: $6.61, far exceeding the expected $5.68, exceeding expectations for four consecutive quarters.
Performance Guidance
1. Second Quarter Guidance
Revenue: $11.04 billion (expected $10.88 billion), a year-on-year increase of 15.4%.
EPS: $7.03 (expected $6.25), Operating profit margin expected to increase to 33%.
Driving factors: growth in advertising revenue, price increases for members (such as the new price increase in the French market), and content scheduling optimization (the return of major series and concentrated film releases).
2. Full year expectations
Revenue: $43.5-44.5 billion (market expected $44.33 billion), reaffirming previous targets, expected to be at the upper end of the range. ...