Focus on the BIG picture.
Wednesday, Apr 02, 2025

Netflix Reports Record Subscriber Growth and Announces Price Increases

Netflix Reports Record Subscriber Growth and Announces Price Increases

Streaming giant Netflix adds nearly 19 million subscribers in a quarter and plans price hikes in several countries.
Netflix Inc. reported substantial gains in its fourth-quarter earnings, driven by an increase of nearly 19 million subscribers during the holiday season, as announced on Tuesday.

The period from October to December was highlighted by the streaming of notable events, such as a boxing match with YouTube star Jake Paul and former heavyweight champion Mike Tyson, and two NFL games on Christmas Day, contributing to the subscriber growth.

This expansion brings Netflix's global subscriber count to over 300 million, marking an increase of 41 million compared to the previous year.

The fourth-quarter financial results showed robust performance, with the company earning $1.9 billion, or $4.27 per share, almost twice the amount from the same quarter of the previous year.

Revenue also saw a 16% rise to $10.2 billion.

In a move to further strengthen its financial standing, Netflix announced upcoming price increases for its subscriptions in the United States, Canada, Portugal, and Argentina, though the exact new prices were not specified.

Traditionally, Netflix has raised prices by $1 to $2 per month.

Despite the planned hikes, Netflix remains optimistic about maintaining its customer base, as indicated by its slightly increased revenue forecast for the year, targeting a mid-range of $44 billion, representing a 13% growth over the last year.

Following the earnings report, Netflix's shares experienced a 3% rise in extended trading, reflecting investor confidence.

This follows an impressive 83% rise in net worth over the prior year, adding nearly $200 billion in shareholder value despite facing fierce competition in the streaming industry.

Additionally, Netflix continues to explore advertising as a revenue stream, following the introduction of a lower-priced service tier with commercials in late 2022. Live programming, such as its recent high-profile events, includes advertisements visible across all subscription tiers.

While Netflix has not disclosed specific figures for advertising revenue, the company suggests it will remain modest for the foreseeable future.

Meanwhile, Netflix's primary focus continues to center on scripted series and movies, with new seasons of hits like 'Stranger Things', 'Squid Game', and 'You' scheduled for release this year.
Newsletter

Related Articles

0:00
0:00
Close
Millions of Noncitizens Are Granted Social Security Numbers During the Biden Administration
Europe Pursues Digital Autonomy Amidst Transatlantic Strains
A Large Blaze Breaks Out in Malaysia Following a Gas Pipe Explosion
OpenAI Obtains Unprecedented $40 Billion Investment
Argentina’s “Magician” or a PR Illusion? “Individuals Are Sifting Through Garbage and Residing on the Streets”
Charity Chairwoman Alleges Prince Harry of Harassment and Bullying
DOGE revealed that USAID provided $84 million to the Clinton Foundation. Of this amount, $3 million was spent on Chelsea Clinton's wedding, while $10 million was used to buy a luxury mansion.
The State Department has announced that it is officially closing USAID.
Apple's Innovation Deficit: Falling Behind in AI and Foldable Technology in Light of Chinese Progress
President Trump Proposes Military Intervention to Obtain Greenland
Passenger Taken into Custody for Indecent Act on SWISS Air Flight
Ecuador Gears Up for Influx of US Military as It Intensifies Campaign Against Violent Drug Cartels
Barcelona player Danny Alves cleared of rape allegations.
TESLA PROTESTERS TARGET CYBERTRUCK OWNER, SHOUT "NAZI" INSULT
Rachel Zegler has officially been benched by Disney
Are they correct?
PUTIN'S LIMOUSINE BLOWS UP—SECURITY CHAOS ENSUES
The Secret Service plans to fire DEI-hired agents, but an Obama-appointed judge rules it illegal.
French Foreign Ministry Denounces U.S. Interference in Corporate Diversity Policies
Copyright Issues Emerge as Studio Ghibli Images Created by AI Gain Popularity
This is what we refer to as CREATIVITY.
The Book Mark Zuckerberg Doesn’t Want You to Read Becomes a Huge Bestseller
Removing the political opponent means eradicating what's remaining of Turkey's economy.
Malaysia Tightens Semiconductor Regulations Amid U.S. Pressure to Curb AI NVIDI Chip Exports to China
OpenAI Launches Fresh Image Generation Tool for ChatGPT
Former FIFA President and French soccer icon exonerated of corruption allegations.
National Security Advisor Mike Waltz Under Investigation After Journalist Added to Secret Military Chat
Ex-Business Partner of Hunter Biden Discusses Possible Pardon from President Trump
FBI Director Denies Report of Major ATF Agent Reallocation
American Brands Face Consumer Boycott in Europe Amid Escalating Trade and Political Tensions
U.S. Attorney General Announces Task Force to Prosecute Government Fraud
White House Investigates Security Breach After Journalist Accidentally Added to Secret Yemen Strike Chat
Samsung Executive Han Jong-hee Dies Suddenly Amid Ongoing Corporate Challenges
German President Frank-Walter Steinmeier has just signed off on a national debt hike to fast-track Germany’s militarization
Turkey jails Istanbul mayor ahead of trial, igniting widespread public backlash
Heathrow Airport Restarts Operations Following Initiation of Power Outage Inquiry
Safeguard your Tesla against vandalism and threats using 'Sentry Mode'—an integrated security feature that notifies you of potential risks and captures unusual behavior. Discover how to activate it and ensure your vehicle's safety.
Former U.S. Secretary of State Antony Blinken Under Investigation for His Involvement in Democratic Romanian Election Annulment
Pope Francis Makes His First Public Appearance in Five Weeks After Being Hospitalized
Pope Francis Released from Hospital Following Pneumonia Treatment
Tesla Cybertrucks Defaced During Mardi Gras Parade in New Orleans
Usha Vance to Head U.S. Delegation During Greenland Visit Amid Discussions on Annexation
Elon Musk Files Lawsuit Against Jamaal Bowman for Defamatory Remarks
IMF Weighs $20 Billion Loan for Argentina
Johnson & Johnson Unveils $55 Billion Commitment to U.S. Manufacturing
Boston Celtics Acquired for an Unprecedented $6.1 Billion by Private Equity Executive Bill Chisholm
Iconic Boxer George Foreman Dies at 76
European Airline Shares Fall Following Disruption from Heathrow Power Outage
Pope Francis Set to Leave Hospital Following Pneumonia Recovery
Unveiling the Electromagnetic Characteristics of the Great Pyramid of Giza
×