Netflix Achieves Record Performance in Q4 with Strong Growth in Subscriptions and Revenue
Netflix has reported strong financial results for Q4 2024, marked by sharp growth in revenue and paid subscriptions.
This reflects the strength of its strategic content and its significant impact in attracting more subscribers.
Content
Netflix
Netflix
reported a revenue increase to $10.25 billion, up 16% compared to the same period last year, while its profits nearly doubled to $1.87 billion. Paid subscriptions surged by approximately 19 million, significantly exceeding expectations and bringing the global total to over 300 million subscribers.
The company attributed this outstanding performance to the success of major productions like Squid Game, Carry-On, and the Mike Tyson vs. Jake Paul match, which played a key role in attracting subscribers during the quarter. It noted that these results were driven by enhancements to its content lineup and products, coupled with the seasonal strength typically seen in Q4.
Additionally, Netflix announced its 2025 plans, projecting $10.42 billion in revenue for Q1 and an earnings per share (EPS) of $5.58. The company also plans to increase subscription prices by up to $2 per month in key markets like the US and Canada, reflecting its confidence in continued growth and a targeted operating margin of 29% for the year.
The announcement positively impacted Netflix’s stock, which rose by 14.65% in after-hours trading to reach $997, buoyed by optimism about future performance. This came after the stock closed with a 1.35% increase on Tuesday, pushing the company’s market value to $371.75 billion, ranking it as the 24th largest company globally.
Netflix Achieves Record Performance in Q4 with Strong Growth