Netflix's end-of-year 2025 report

Netflix Adds Record 18.9 Million Subscribers, Announces $15B Buyback as Earnings Beat Estimates

Jan 21, 2025, 09:04 PM

Netflix reported its fourth-quarter 2024 earnings, surpassing analyst expectations with earnings per share of $4.27 compared to the estimated $4.20, and revenue of $10.25 billion versus the expected $10.11 billion. The company's operating margin expanded to 22% during the quarter, and operating income exceeded $10 billion for the first time. The streaming giant added a record-breaking 18.91 million new subscribers, more than doubling the anticipated 9.18 million, bringing its total global paid memberships to over 301 million. The substantial subscriber growth was driven by popular content releases, including "Squid Game 2", NFL Christmas games, and the Jake Paul vs. Mike Tyson fight. Netflix also announced a new $15 billion share buyback program and raised its revenue outlook for the full year 2025 to between $43.5 billion and $44.5 billion, expecting revenue growth of 12% to 14%. The company forecasts first-quarter 2025 revenue of $10.42 billion and earnings per share of $5.58, and plans to implement further price hikes. Following the earnings release, Netflix shares surged over 10% in after-hours trading, nearing $1,000 per share.