Netflix Surpasses 301 Million Subscribers, Adds 19 Million in Q4

Netflix reported a record-breaking fourth quarter for 2024, adding nearly 19 million paid subscribers, bringing its global total to 301.6 million. This surge, driven by popular content including the second season of 'Squid Game' and major live events like the Jake Paul vs. Mike Tyson fight, exceeded analysts' expectations significantly. The company achieved revenues of $10.25 billion, a 16% increase from the previous year, along with a net income of $1.87 billion. Notably, this marks the last time Netflix will report subscriber numbers quarterly, as it shifts focus to revenue and operational metrics. Following the earnings announcement, Netflix's stock surged approximately 10%, reflecting confidence in its ongoing content strategy and audience engagement. Despite the growth, Netflix plans to increase subscription prices in several markets, including the U.S., to support continued investment in programming.