NFLX's top line gains from 18.91 million subscriber additions in the fourth quarter of 2024, while the company raises 2025 revenue forecast.
In this video, I will go over Netflix's (NFLX 11.54%) fourth-quarter earnings report and explain why the company continues to win the streaming wars. Watch the short video to learn more, consider subscribing, and click the special offer link below.
Netflix (NFLX) shares are soaring after its fourth quarter results topped estimates, it raised its 2025 revenue forecast, and added nearly 19 million subscribers. Michael Pachter, Wedbush Securities managing director of equity research, joins Morning Brief to highlight the success of Netflix's ad-supported tier, which has helped reduce churn.
Here we go again! Netflix is raising prices.
Netflix NASDAQ: NFLX completely shattered analyst expectations in its latest earnings report, sending shares up over 14% in after-hours trading on Jan. 21. The consumer discretionary company's subscribers grew by an incredible 19 million.
Netflix stock scored a flurry of price-target hikes after the internet television network crushed Wall Street's Q4 estimates. The post Netflix Stock Poised For Breakout.
Netflix Inc has free rein to grow revenue after unveiling a boom in subscriber numbers over the last quarter, Wedbush analysts have said. A record 18.9 million subscribers had been added during the fourth quarter, Netflix said on Tuesday, taking its year-end total to 302 million.
Pantoro Ltd has had a solid quarter of gold production at its wholly-owned Norseman Gold Project, producing 19,438 ounces of gold and fulfilling production expectations of between 18,000 and 22,000 ounces of gold. The company also increased its cash and gold holding by $13.8 million for the quarter, excluding a one-off $6.9 million stamp duty payment as a result of merging with Tulla Resources for a net cash and gold increase of $6.9 million during the quarter. The Norseman Project has now produced positive cashflows for a full year, achieving earnings before indexation, taxation, depreciation or amortisation (EBITDA) of $37.5 million during the latest quarter. Pantoro has revised its annual guidance for the 2025 financial year, now predicting 90,000 ounces at an all-in-sustaining cost (ASIC) of $2,200 per ounce. Pantoro has made solid progress on the Scotia Underground Mine, completing 1,558 metres of development and hauling 43,944 tonnes of ore, a sharp increase from the 3,945 tonnes the previous quarter. The mine has reached commercial production and is expected to achieve steady-state output by the March 2025 quarter. The OK Underground Mine also performed well, producing 11,292 ounces of gold during the quarter. This quarter PNR began rehabilitation of the Bullen Decline, with plans to begin drilling key Mainfield targets by the March 2025 quarter. The company continued exploration and grade control drilling at the Scotia and OK mines, as well as in surface areas including the Butterfly exploration site and the Princess Royal mining centre. Four drill rigs are operational onsite. Netflix Inc (NASDAQ:NFLX, ETR:NFC) shares soared after the streaming service’s strong content slate saw it add a record 18.9 million subscribers during the fourth quarter ending the year with 302 million subscribers. Analysts had expected Netflix to add about 9 million subscribers, below the 13.1 million it added in the year-ago quarter. For Q4, Netflix reported earnings per share of $4.27 which topped estimates of $4.19. Revenue of $10.25 billion marked a 16% year-over-year increase and beat the consensus of $10.12 billion. Netflix said in a letter to shareholders that its Q4 slate outperformed even its high expectations. “Squid Game season 2 is on track to become one of our most watched original series seasons, Carry-On joined our all-time Top 10 films list, the Jake Paul vs. Mike Tyson fight became the most-streamed sporting event ever and on Christmas Day we delivered the two most-streamed NFL games in history,” the company said. For the first quarter, Netflix projected revenue growth of 11.2% to $10.42 billion and earnings per share of $5.58, missing Wall Street estimates of $10.5 billion and $5.96, respectively. For the full year, Netflix boosted its full-year revenue outlook to now expect revenue in the range of $43.5 billion to $44.5 billion, up from its earlier forecast of $43 billion to $44 billion. “We’re focused on improving all aspects of our service and, combined with the return in 2025 of our biggest shows (Squid Game, Wednesday and Stranger Things), we’re optimistic heading into the new year,” Netflix told shareholders. Additionally, Netflix announced a $15 billion stock buyback and announced it will be raising its prices starting on Tuesday with most plans in the US, Canada, Portugal and Argentina. Details about the price increases were not immediately available. Shares of Netflix surged 12.5% to $978 post-earnings.
On Netflix (NFLX), Dan Rayburn says "the fact that they added almost 19m subscribers in the quarter was incredible." Dan dives into the details on the streaming giant's foray into live sporting events with the NFL and WWE.
Shares of Netflix Inc. (NASDAQ: NFLX) soared on its subscriber growth and ability to raise prices.
Netflix flexed its streaming dominance Tuesday—and Wall Street's biggest bull thinks its shares are set for another stellar year.