Netflix's US stock rose nearly 15% in pre-market trading, with the growth rate of paid users in the fourth quarter of last year far exceeding expectations

LB Select
2025.01.22 09:12
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As of the time of publication, Netflix surged 14.69% in pre-market trading, attracting significant market attention. The financial report for the fourth quarter and the full year of 2024 released today showed excellent performance, with one of the main highlights being that Netflix added 18.91 million new paid subscribers for its global streaming service in the fourth quarter, up from 13.12 million in the same period last year, and exceeding analysts' expectations. By the end of the fourth quarter, Netflix's total number of paid subscribers for its global streaming service reached 301.63 million, compared to 260.28 million in the same period last year. In terms of performance outlook: Netflix expects its revenue for the first quarter of fiscal year 2025 to reach $10.416 billion (approximately RMB 75.811 billion), a year-on-year increase of 11.2%; operating profit is expected to reach $2.940 billion, with an operating profit margin of 28.2%; net profit is expected to reach $2.440 billion, with earnings per share reaching $5.58, exceeding analysts' expectations

As of the time of publication, Netflix has surged 14.69% in pre-market trading, attracting significant market attention.

Netflix reported excellent performance in its financial results for the fourth quarter and the full year of 2024, with one of the main highlights being that the number of new paid subscribers for its global streaming service in the fourth quarter reached 18.91 million, up from 13.12 million in the same period last year, and exceeding analysts' expectations. By the end of the fourth quarter, Netflix's total number of paid subscribers for its global streaming service reached 301.63 million, compared to 260.28 million in the same period last year.

In terms of performance outlook: Netflix expects that in the first quarter of fiscal year 2025, the company's revenue will reach $10.416 billion (approximately RMB 75.811 billion), a year-on-year increase of 11.2%; operating profit will reach $2.940 billion, with an operating profit margin of 28.2%; net profit will reach $2.440 billion, and earnings per share will reach $5.58, exceeding analysts' expectations

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