Netflix says it suffered its first quarterly loss in seven years as the video subscription service dealt with rising licensing fees and international expansion costs.
But analysts expected a far bigger first-quarter setback.
In another encouraging sign, the company’s subscriber growth accelerated during the first three months of the year. That provided further evidence that Netflix Inc. is recovering from a U.S. customer backlash triggered by sharp price increases last summer.
Netflix also predicted Monday that it would make money during the current quarter.