Table of Contents

• CoreWeave

• Netflix

Top Stories Today

CoreWeave

CoreWeave, a provider of AI infrastructure, posted stronger-than-expected first-quarter sales in its first earnings update since its public listing. Revenue surged over 400% year-on-year, driven by major partnerships, including multi-billion-dollar deals with OpenAI. However, losses widened due to IPO-related expenses. Despite issuing a robust forecast for the coming quarters, shares dipped as investors weighed heavy capital spending and sought clarity on financial metrics like backlog and future obligations. CoreWeave emphasized growing customer demand and plans for significant expansion, while assuring minimal impact from recent trade policy changes.

Netflix

Netflix announced its lower-priced, ad-supported subscription now attracts 94 million active users each month, up over 20 million since November. As competition in streaming intensifies, Netflix and rivals are focusing on ad revenue to improve earnings. The company emphasized that viewer engagement with ads remains high, even during mid-roll breaks, outperforming traditional networks. Additionally, Netflix's budget-friendly tier has become especially popular among younger audiences, surpassing U.S. broadcast and cable channels in reach for the 18-34 age group.

Thanks for reading, subscribe to The Standard Lens for more.