Revenue andearningsper share both handily exceeded Wall Street forecasts at $9.37 billion and $5.28, respectively.

Operating income jumped 28% from the prior year to reach $2.6 billion.

But now were generating very substantial profit and free cash flow (FCF).

Netflix offices, LA

Netflix offices, LAGetty Images

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One dent in the quarterly report was Netflixs revenue guidance for the second quarter.

Taking the long view, the companys recent quarterly performances have represented a remarkable bounce-back from a grim period.

It had risen almost 70% on a sequential basis in the previous two quarters.

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