Netflix, Inc. (NFLX) has reported a 544.38 percent jump in profit for the quarter ended Mar. 31, 2017. The company has earned $178.22 million, or $0.40 a share in the quarter, compared with $27.66 million, or $0.06 a share for the same period last year.

Revenue during the quarter surged 34.68 percent to $2,636.64 million from $1,957.74 million in the previous year period. Gross margin for the quarter expanded 711 basis points over the previous year period to 37.15 percent. Total expenses were 90.25 percent of quarterly revenues, down from 97.47 percent for the same period last year. This has led to an improvement of 722 basis points in operating margin to 9.75 percent.

Operating income for the quarter was $256.94 million, compared with $49.45 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $316.88 million compared with $106.67 million in the prior year period. At the same time, adjusted EBITDA margin improved 657 basis points in the quarter to 12.02 percent from 5.45 percent in the last year period.

The company has spent $75.59 million cash to meet investing activities during the quarter as against cash inflow of $4.26 million in the last year period.

Cash flow from financing activities was $24.24 million for the quarter, up 62.60 percent or $9.33 million, when compared with the last year period.

Cash and cash equivalents stood at stood at $1,077.82 million as at Mar. 31, 2017.