Netflix Adds 19 Million Subscribers in Quarter
Published On Jan 21, 2025, 4:03 PM
Netflix reported significant growth in its Q4 2024 results, adding 19 million new subscribers to reach 302 million total subscribers. The company's operating income surpassed $10 billion for the first time, propelled by successful programming including the second season of 'Squid Game' and the movie 'Carry-On'. Revenue increased by 16%, with net income at $1.87 billion. Looking ahead, Netflix plans to launch an impressive lineup of new content, while also raising prices for its subscription plans in multiple countries.
Stock Forecasts
NFLX
Positive
Netflix's impressive subscriber growth and increasing revenue indicate strong demand for its content. The planned content releases for 2025 show potential for sustained growth. However, the impact of rising subscription prices on user retention is worth monitoring. Overall, the outlook remains bullish due to strong content scheduled for release and the potential to attract further subscribers.
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