Netflix's Q4 2024 results showcased a remarkable achievement, with paid memberships hitting 301 million, a significant 16% year-over-year increase. This growth was matched with a new price hike for various subscription plans, the third increase in three years. Highlights from the quarter include major hits like 'Squid Game 2' and record viewership for NFL games. Financially, Netflix reported a 16% rise in revenue and nearly doubled its net income compared to the previous year, with expectations for continued growth in the near future.
Netflix reached a historic 301 million paid memberships with a 16% increase, marking its largest membership growth since going global.
Despite subscriber growth, Netflix imposed another price increase on several plans in the U.S. and other countries, indicating ongoing revenue expansion.
Q4 2024 saw Netflix outperforming expectations with significant successes including 'Squid Game 2' and record-breaking NFL game streams.
The company anticipates further increases in revenue and net income in the coming quarter, reflecting strong performance metrics.
Collection
[
|
...
]