Thank you for visiting, don't forget to subscribe by following here if you enjoy our content. We use follow.it to give you maximum control over your news.
Netflix has delivered exceptional fourth-quarter results, adding an unprecedented 18.9 million subscribers during the festive period. The streaming giant’s remarkable performance was driven by its successful venture into live sporting events and the highly anticipated return of its South Korean blockbuster series, Squid Game.
The streaming service has announced price increases across multiple territories, including the US, Canada, Portugal and Argentina. The basic ad-supported tier in America will rise by $1 to $7.99 monthly, whilst the premium offering will reach $24.99, representing a 9% increase.
Market reaction was overwhelmingly positive, with Netflix shares surging by $101.64 to $972.03 in after-hours trading, catapulting the company’s market capitalisation by approximately $40 billion to $372 billion. The streaming pioneer, which began as a DVD postal service in 1997, continues to dominate the competitive streaming landscape despite fierce competition from rivals Amazon Prime, Apple+ and Disney+.
The company’s programming strategy has yielded significant success, with the Jake Paul vs Mike Tyson boxing match becoming its most-streamed sporting event. The service’s Christmas Day National Football League games also achieved record-breaking viewership numbers. The second season of Squid Game is tracking to become one of Netflix’s most-watched original series.
Netflix’s financial performance has reached new heights, with annual operating income exceeding $10 billion for the first time. Fourth-quarter revenue rose 16% year-over-year to $10.2 billion, surpassing Wall Street’s projections of $10.1 billion. The company has revised its 2025 revenue guidance upward to between $43.5 billion and $44.5 billion, reflecting strengthened business fundamentals.
The streaming service maintains the industry’s lowest cancellation rate at 1.8% in December, according to Antenna Research. This quarter marks the final time Netflix will report subscriber additions as the company shifts focus towards revenue and profit metrics, signalling a mature phase in its growth trajectory.
Post Disclaimer
The following content has been published by Stockmark.IT. All information utilised in the creation of this communication has been gathered from publicly available sources that we consider reliable. Nevertheless, we cannot guarantee the accuracy or completeness of this communication.
This communication is intended solely for informational purposes and should not be construed as an offer, recommendation, solicitation, inducement, or invitation by or on behalf of the Company or any affiliates to engage in any investment activities. The opinions and views expressed by the authors are their own and do not necessarily reflect those of the Company, its affiliates, or any other third party.
The services and products mentioned in this communication may not be suitable for all recipients, by continuing to read this website and its content you agree to the terms of this disclaimer.