In its latest report, Netflix announced a historic gain of 19 million paid subscribers during Q4 2024, significantly exceeding analyst estimates of 9.18 million. This surge indicates a robust performance, with quarterly revenue reaching $10.2 billion, a 16% increase. The boost is partly attributed to Netflix's recent efforts against password sharing. Additionally, the streaming service plans to cease reporting subscriber counts from 2025 onward. The release of "Squid Game" season two also contributed to record viewership numbers, marking a successful end to the year.
Netflix experienced its largest subscriber gain ever in Q4 2024, adding 19 million new paying users, significantly surpassing analyst expectations.
Quarterly revenue rose to $10.2 billion, an increase of 16% from the previous year, reflecting robust demand for its content amid a crackdown on password sharing.
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