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Netflix Shares Rise as Rosy Outlook Calms Investors’ Nerves amid Tariff Fears

In this Nov. 4, 2017, file photo, the logo of entertainment company Netflix is pictured in Paris. (AP)
In this Nov. 4, 2017, file photo, the logo of entertainment company Netflix is pictured in Paris. (AP)
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Netflix Shares Rise as Rosy Outlook Calms Investors’ Nerves amid Tariff Fears

In this Nov. 4, 2017, file photo, the logo of entertainment company Netflix is pictured in Paris. (AP)
In this Nov. 4, 2017, file photo, the logo of entertainment company Netflix is pictured in Paris. (AP)

Netflix shares rose about 3% in premarket trading on Monday as the streaming giant's upbeat annual revenue outlook reassured investors that it could withstand any economic downturn amid a tariff laden economic climate.

The company's co-CEO Greg Peters noted that the entertainment sector, and Netflix specifically, had proven resilient during previous downturns.

Peters said they had not seen any significant shifts in customer behavior, after the company reported first-quarter earnings above analysts' expectations on Thursday.

Netflix also reaffirmed its 2025 revenue forecast of between $43.5 billion and $44.5 billion.

These remarks offered some respite to investors who were worried that President Donald Trump's tariff policies could likely lead to a recession, forcing consumers to rein in spending on streaming services.

"Even in a global recession scenario, Netflix is likely to be highly resilient given the price-to-value of the service remains very attractive," said Jeffrey Wlodarczak, an analyst at Pivotal Research Group, who is five-star rated for both estimate accuracy and recommendation performance, as per LSEG data.

"Their advertising business should demonstrate strong growth in any scenario given its nascent state," Wlodarczak said.

The lower-priced, ad-supported tier accounted for 55% of new sign-ups in countries where it is available, Netflix said.

"While advertising is a small portion of the business today, the longer-term prospects are notably robust...while investments in ad-tech capabilities should drive healthy growth for years to come," BofA Global Research analysts said.

Earlier this month, the Wall Street Journal reported that Netflix aims to double revenue from $39 billion in 2024 and earn about $9 billion in global ad sales by 2030.

The company has upped the ante on delivering steady revenue growth as it ceased reporting subscriber data from this year, leaving Wall Street with fewer metrics to gauge its health.

Peers Walt Disney and Warner Bros Discovery shares were down under 1% each in premarket trading.

At least seven brokerages raised price target for Netflix following its results, bringing the median target to $1,147.50, according to data compiled by LSEG.

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Entertainment

‘The Four Seasons’ Star Tina Fey Says Old Friends Are Gold

Cast members Tina Fey and Will Forte attend a premiere for season 2 of the television series "The Four Seasons" at the Egyptian Theatre Hollywood in Los Angeles, California, US, May 19, 2026. (Reuters)
Cast members Tina Fey and Will Forte attend a premiere for season 2 of the television series "The Four Seasons" at the Egyptian Theatre Hollywood in Los Angeles, California, US, May 19, 2026. (Reuters)
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‘The Four Seasons’ Star Tina Fey Says Old Friends Are Gold

Cast members Tina Fey and Will Forte attend a premiere for season 2 of the television series "The Four Seasons" at the Egyptian Theatre Hollywood in Los Angeles, California, US, May 19, 2026. (Reuters)
Cast members Tina Fey and Will Forte attend a premiere for season 2 of the television series "The Four Seasons" at the Egyptian Theatre Hollywood in Los Angeles, California, US, May 19, 2026. (Reuters)

American actress Tina Fey hopes the latest installment of Netflix comedy "The Four Seasons" will inspire viewers to pick up the phone and check in with old friends.

"Lifelong friendships are what really hold it together," Fey told AFP at a premier for the new season, which drops on May 28.

"It's great to be married but you also meet your friends to keep the married people safe," she said from the red carpet at Hollywood's Egyptian Theatre.

"The Four Seasons," which first premiered a year ago, is based on the Alan Alda film of the same name that follows a group of friends as they navigate life's challenges.

The new season will take the group -- played by Fey, Colman Domingo, Will Forte, Marco Calvani, Kerri Kenney-Silver and Erika Henningsen -- on an adventure through Italy as they deal with the death of their friend Nick (Steve Carell).

The group's on-screen connection extends to the real world, cast members said.

"We are friends in real life as well... I think you feel that, I think it comes off the screen," Kenney-Silver said, adding that "the universal story of friendship" is key to the show's success.

While the show sees the friends -- who stay in touch via group chat even when they are not filming -- face the challenges of adulthood, they believe it has the potential to attract a multigenerational audience.

"We're a bunch of oldies, but everyone gets stressed, everyone suffers loss and gets sad, everyone's happy, everyone has people in their life they love and people who annoy them," Forte said.

"So, you know, it's all relatable stuff."

"Even if you're not the age we are, we're like a museum piece," the actor added. "Check out these old artifacts, learn something."

Entertainment

Actor Jon Voight Met with Trump to Advocate for Hollywood Tax Incentives

Cast member Jon Voight attends a premiere for the film "Reagan" at TCL Chinese Theatre in Los Angeles, California, US, August 20, 2024. REUTERS/Mario Anzuoni Purchase Licensing Rights
Cast member Jon Voight attends a premiere for the film "Reagan" at TCL Chinese Theatre in Los Angeles, California, US, August 20, 2024. REUTERS/Mario Anzuoni Purchase Licensing Rights
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Actor Jon Voight Met with Trump to Advocate for Hollywood Tax Incentives

Cast member Jon Voight attends a premiere for the film "Reagan" at TCL Chinese Theatre in Los Angeles, California, US, August 20, 2024. REUTERS/Mario Anzuoni Purchase Licensing Rights
Cast member Jon Voight attends a premiere for the film "Reagan" at TCL Chinese Theatre in Los Angeles, California, US, August 20, 2024. REUTERS/Mario Anzuoni Purchase Licensing Rights

Actor Jon Voight met with President Donald Trump earlier this year to advocate for a federal tax credit intended to help boost film and TV production in the United States, representatives of the actor said on Monday.

The previously undisclosed meeting at the White House on February 11 is part of a Hollywood effort to secure federal assistance to fight the flight of production overseas, Reuters reported.

When asked about the meeting, a White House spokesperson said Trump "is committed to Make Hollywood Great Again, and his administration continues to explore all possible policy options to ensure Hollywood remains a potent force of American culture.”

Trump named Voight, who rose to fame following ‌his role ‌in the 1969 film "Midnight Cowboy," as one of three special ambassadors ‌to ⁠Hollywood along with ⁠Sylvester Stallone and Mel Gibson in January 2025.

To fight an exodus of entertainment production abroad, Voight is working with a coalition that includes the Motion Picture Association, the Directors Guild of America and unions representing actors, writers and other talent.

SP Media Group CEO Steven Paul, a film producer and Voight's agent, and SP Media President Scott Karol have proposed a 20% federal tax credit for labor ⁠costs on a film or television production in the United ‌States.

An additional 5% could be earned for ‌independent films or for filming in a disaster zone or a defined “enterprise zone.” Those credits ‌could be used in tandem with state incentives.

The goal is to ‌make the cost of domestic production competitive with Britain and other places around the world that offer tax credits, lower labor costs and world-class soundstages.

Overseas incentives have been luring movie and TV producers to locations outside the United States for years. Filming in the US ‌declined 10% in the first quarter, compared with a year ago, according to ProdPro, which tracks worldwide film ⁠and television production.

The United ⁠States accounted for roughly 38% of film and television work in the first quarter of the year, while the United Kingdom and Canada together represented nearly one-third of global production, ProdPro reported.

In September 2025, Trump floated the idea of a 100% tariff on movies made abroad as a way to bring production back to the United States. Industry advocates welcomed Trump's desire to fight production flight but have urged the president to support tax incentives.

California more than doubled its annual tax incentives for film and television production in June 2025 to $750 million. Early results show the effort helped bring some projects back to Hollywood. Shoot days in Los Angeles rose nearly 11% in the first quarter of this year, according to permitting agency FilmLA.

Entertainment

Kylie Minogue Looks Back on Life in Pop Music in New Documentary

Kylie Minogue arrives at the Vanity Fair Oscar party after the 96th Academy Awards, known as the Oscars, in Beverly Hills, California, US, March 10, 2024. (Reuters)
Kylie Minogue arrives at the Vanity Fair Oscar party after the 96th Academy Awards, known as the Oscars, in Beverly Hills, California, US, March 10, 2024. (Reuters)
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Kylie Minogue Looks Back on Life in Pop Music in New Documentary

Kylie Minogue arrives at the Vanity Fair Oscar party after the 96th Academy Awards, known as the Oscars, in Beverly Hills, California, US, March 10, 2024. (Reuters)
Kylie Minogue arrives at the Vanity Fair Oscar party after the 96th Academy Awards, known as the Oscars, in Beverly Hills, California, US, March 10, 2024. (Reuters)

Kylie Minogue opens ‌up about her life in pop music for new documentary "KYLIE", looking back on her career as well as the personal challenges she has faced, such as the scrutiny when she was starting out and overcoming breast cancer.

The three-part series, which premieres on Netflix on Wednesday, sees the "Spinning Around" and "Padam Padam" singer share videos and photos from her personal archive and talk about her rise to stardom.

“Oh, there were surprises ‌left, right and ‌center, like 'Ooh, er, no, yes, ‌that ⁠was good. That ⁠should never have happened'. Like, there was worlds within worlds within worlds of the archive," Minogue told Reuters on making the docuseries.

"A nice surprise is that I can kind of recognize myself from the beginning ... I don't know that I've changed that ⁠much. My level of experience has changed... ‌But I can see ... ‌the seed of who I was and I think that's ‌really moving."

Minogue, 57, first starred on Australian ‌soap "Neighbours" in the 1980s before kicking off her music career with hits such as "The Loco-Motion" and "I Should Be So Lucky". She has gone on to sell more than 80 ‌million records worldwide and has won numerous awards, including two Grammys.

In the docuseries, she ⁠talks ⁠about success but also about the scrutiny and criticism she faced early in her career, being diagnosed with breast cancer in 2005, as well as her personal relationships. There are also interviews with her sister, singer Dannii Minogue, her former "Neighbours" co-star Jason Donovan and singer Nick Cave.

"I just go with my gut. I go with what's inspiring me at the time. I think whatever I do depends on what I've done previously," she said on reinventing herself during her career.