Rising economic uncertainty amid a global trade war did little to dampen Netflix’s financial results in the first quarter.

The Los Gatos-based streaming giant said its first quarter revenue grew 13% to $10.5 billion, fueled by membership growth and higher prices.

Net income jumped 24% to $2.89 billion in the quarter, well ahead of the $2.48 billion that analysts had forecast, according to FactSet.

The robust growth provided further evidence of Netflix’s dominance in the streaming market during an uncertain economy.

On Thursday, Netflix executives projected confidence about the company’s ability to weather tariff-fueled economic concerns, noting that its low-cost ad plan gives consumers options, that its engagement is still strong and that it produces content and has viewers throughout the world.

“We’re paying close attention, clearly, to the consumer sentiment and where the broader economy is moving, but based on what we are seeing by actually operating the business right now, there’s nothing really significant to note,” Netflix co-Chief Executive Greg Peters said during an earnings video interview. “Stepping back, we also take some comfort in the fact that entertainment, historically, has been pretty resilient in tougher economic times.”

Analysts, too, felt that Netflix’s market position could give them more of a cushion.

“In times when consumers may be scrutinizing their spending on streaming services, expert sentiment remains consistent: Netflix will continue to be the default platform and the last to be cut by the vast majority of users,” said John Conca, an analyst at investment research firm Third Bridge.

Netflix stock rose 1% on Thursday, closing at $973.03 a share.

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