Netflix announced exceptional fourth-quarter 2024 results, adding nearly 19 million subscribers during the holiday season, bringing its worldwide total to over 300 million, an increase of 41 million from 2023. The company reported net income of $1.9 billion, or $4.27 per share, nearly doubling from $0.95 billion in the same period in 2023.
Revenue for the quarter climbed 16% year-over-year to $10.2 billion, surpassing analyst projections. This robust financial performance was significantly bolstered by the success of live programming, including the Jake Paul-Mike Tyson fight and two NFL games on Christmas Day, which drove subscriber engagement.
To further enhance its finances, Netflix announced upcoming price increases in the U.S., Canada, Portugal, and Argentina. The company also slightly raised its full-year 2025 revenue outlook to a mid-range of $44 billion, projecting approximately 13% growth. This quarter marks the last time Netflix will provide a quarterly count of its total subscribers, shifting investor focus to financial performance.
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