Netflix's Q1 2024 earnings report revealed a 15% increase in revenue reaching $9.37 billion, and a 54% surge in operating income to $2.63 billion.

Subscriptions saw a significant rise, with 9.33 million new subscribers, pushing the global total to 269.6 million, nearly doubling analysts' expectations.

The growth is attributed to a crackdown on password sharing and the introduction of an ad-supported subscription tier.

Netflix's performance in the US and Canada has been particularly strong, exceeding sales and earnings forecasts.

The company is exploring new growth avenues like live sports broadcasting and enhancing user experience through AI in its recommendation systems.

Despite a projected decline in income for Q2 due to market-specific factors, Netflix expects a 16% revenue increase in the upcoming quarter.