Netflix Reports Record-Breaking Profits and Strong Subscriber Growth for Q4 2024

Netflix, listed on the New York Stock Exchange, announced strong financial results for the fourth quarter of 2024, recording profits of $1.87 billion, an astonishing 100% increase compared to the same quarter of 2023, which recorded profits of $938 million.
Quarterly Revenue Growth and Increase in Subscribers
Furthermore, Netflix's financial results revealed a remarkable increase in quarterly revenue of 16%, reaching $10.25 billion, the largest gain since late 2021. Looking ahead, the company predicted faster sales growth in 2025, with estimated revenue reaching $44.5 billion, up 14% compared to last year.
Future Projections for Netflix in 2025
For the first quarter of 2025, Netflix expects revenues of $10.4 billion and earnings of $5.58 per share. Although these figures are lower than the average estimates from Wall Street, the company anticipates continued strong market growth.
Adding 19 Million Subscribers and Significant Customer Base Growth
Additionally, Netflix announced that it added nearly 19 million subscribers during the holiday season, concluding last year with over 300 million subscribers. This significant increase in the customer base reflects the company's success in improving content and attracting new subscribers.
Netflix Stock Performance
In trading, Netflix's stock (NASDAQ: NFLX) experienced a notable rise of 14.98%, increasing by $131.32 per share to reach $1001.00 during U.S. stock market trading. This strong stock performance reflects great confidence in the company's strategies and future.
What Contributed to the Increase in Netflix's Profits?
The substantial increase in Netflix's profits can be attributed to several factors, most notably the increase in new subscribers, the improvement in content quality available to users, along with new marketing strategies that successfully attracted more customers during the holiday season.
Netflix and Promising Future Projections
With expected revenues of $44.5 billion for 2025 and forecasts for continued growth, experts predict that Netflix will continue to expand its share in the entertainment streaming market, further strengthening its global position through updates and additional improvements in its content offerings.