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Netflix Beats Q4 Earnings with $10.25B Revenue, 18.9M New Subscribers; Announces $15B Buyback, Price Hikes

Jan 21, 2025, 09:03 PM

Netflix Inc. reported robust fourth-quarter 2024 earnings, surpassing analyst expectations and marking significant growth. The streaming giant posted earnings per share of $4.27, up 102% year-over-year, beating the consensus estimate of $4.20. Revenue rose 16% to $10.25 billion, exceeding the expected $10.11 billion. Operating income exceeded $10 billion for the first time, with an operating margin of 22%, up from 17% a year earlier. Netflix added 18.91 million net paid streaming users in the quarter, significantly higher than the projected 9.6 million, bringing total paid memberships to 301.63 million globally. The company also announced a new $15 billion share buyback program and signaled upcoming price hikes. Additionally, Netflix raised its full-year 2025 revenue outlook to between $43.5 billion and $44.5 billion. Despite slightly lower guidance for first-quarter 2025 revenue and earnings per share compared to analyst estimates, Netflix shares rose over 10% in after-hours trading.