Netflix shares surged 14% in after-hours trading on Tuesday as the streamer easily beat Wall Street expectations for its fourth quarter of 2024, surpassed 300 million subscribers globally after adding a record-breaking 18.9 million and raised prices on some of its plans as well as its revenue outlook for 2025.
Here are the top-line results:
Net income: $1.87 billion, compared to $938 million a year ago.
Earnings per share: $4.27 per share, up 102% year over year, compared to $4.19 per share expected by analysts surveyed by Zacks Investment Research.
Revenue: $10.25 billion, up 16% year over year, compared to $10.12 billion expected by analysts surveyed by Zacks Investment Research.