"Netflix exceeded Wall Street's revenue estimates for its holiday quarter, as it crossed 325 million subscribers, the company said on Tuesday. Revenue came in at $12.1 billion for October through December-topping forecasts of $11.97 billion for the quarter, according to analysts surveyed by LSEG. Nielsen reported that Netflix's monthly viewership rose 10% in December, thanks largely to the final season of hit sci-fi series " Stranger Things," which generated 15 billion viewing minutes."
"Investors remain focused on Netflix's $82.7 billion pursuit of Warner Bros Discovery's studio and other entertainment assets, as it seeks to fend off a hostile bid from Paramount Skydance. Netflix amended its merger agreement to an all-cash offer for the film and television studios, its extensive content library, and major entertainment franchises, including " Game of Thrones," " Harry Potter," and DC Comics' superheroes like Batman and Superman."
Netflix reported $12.1 billion in revenue for October through December, topping forecasts of $11.97 billion. Subscriber count surpassed 325 million. Nielsen recorded a 10% rise in monthly viewership in December, driven largely by the final season of Stranger Things, which generated 15 billion viewing minutes. Netflix streamed two NFL games on Christmas Day and released a third Knives Out film. Investors remained focused on Netflix's $82.7 billion pursuit of Warner Bros Discovery amid a competing bid from Paramount Skydance. Netflix amended its merger agreement to an all-cash offer for studios, a broad content library, and major franchises, enabling an expedited shareholder vote and greater financial certainty while adding HBO Max for expanded subscription options.
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