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NFLX-NETFLIX INC
Netflix Reports Record Subscriber Growth and Exceeds Earnings Expectations, Stock Soars 13% in After-Hours Trading
Tuesday
04 February, 2025
Netflix's remarkable Q4 2024 results reveal a surge of 18.9 million new subscribers, pushing total memberships past 301 million and exceeding earnings expectations. As the company shifts focus from subscriber growth to revenue, can it maintain its competitive edge amidst rising subscription prices?
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Key Takeaways
- Netflix's Q4 2024 results showcased significant subscriber growth, reaching over 301 million memberships.
- The company's earnings and revenue surpassed market forecasts, indicating strong financial health.
- Successful live sports and original content are key factors driving viewership and advertising income.
- Despite upcoming price hikes, subscriber retention remains high, reflecting customer loyalty.
- Analysts predict a 13% revenue increase for 2024, with future stock targets above $1,100.
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