Netflix Posts Mixed Q1 Results

Netflix ($NFLX@US) posted mixed first-quarter results on Tuesday and announced that it was delaying the rollout of its new password-sharing policies to the second quarter. Earnings per share were $2.88 versus the $2.86 expected, and revenue was $8.16 billion versus the $8.18 billion expected. The streaming giant previously reported that 43 percent of its global user base share accounts, which is impacting its ability to invest in new content. It is rolling out the ad-supported option and password-sharing crackdown to boost profits. CEO Greg Peters said that profits will decrease in the short term following the rollout of its new password-sharing measures, but the company expects profits to rebound as users return to the platform.