Netflix has experienced a remarkable end to fiscal Q4 2024, achieving over 300 million paid subscribers for the first time ever and generating $10.25 billion in revenue, a 16% increase year-over-year. The surge in subscriptions—an addition of 19 million in one quarter—was supported by strong content performances, especially from major originals and live sports. Analysts had expected lower figures but were pleasantly surprised by Netflix's results, which also included an increase in earnings per share to $4.27. However, the company also announced impending price hikes for its subscription plans.
Netflix reported a record Q4 2024, surpassing 300 million subscribers and achieving significant revenue growth, ultimately boosting its stock to an all-time high.
The company credited its success to a strong content slate and typical seasonal boosts, pointing to major hits like Squid Game and live sports events.
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