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 foruth 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.
Netflix reported fourth-quarter and 2024 results on Tuesday. The streaming service added 19 million paid subscribers in the quarter.
The lowest-price, ad-supported option for the streaming service will cost $7.99 a month, an increase of $1
Netflix added nearly 19 million subscribers in the fourth quarter, reaching 301.6 million globally, thanks to a wave of high-impact programming in the final weeks of 2024. The tally far surpassed the consensus expectation of Wall Street analysts, which called for Netflix to add 9.8 million subscribers.
Netflix added 18.9 million subscribers in its holiday quarter, blowing past Wall Street's forecasts, with live sporting events and the return of its popular South Korean series "Squid Game" attracting a record number of new customers, the company reported on Tuesday.
Jason Snipe, Odyssey Capital Advisors principal, and Alex Kantrowitz, Big Technology founder, join CNBC's 'Closing Bell' to discuss outlooks on Netflix.
Tim Nollen, MacQuarie senior media analyst, joins CNBC's 'Power Lunch' to discuss outlooks on Netflix.
Below we previewed Netflix's expected fourth-quarter earnings, but another ara to watch will be what the company forecasts next quarter.
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The Investment Committee debate what to do with Netflix ahead of the company's earnings report after the bell tonight.
Netflix reports fourth-quarter earnings after the closing bell Tuesday. Wall Street analysts surveyed by LSEG expect earnings per share of $4.19 and revenue of $10.11 billion.
Jay Woods joins Diane King Hall on the premiere of Morning Movers to discuss the state of streaming sports ahead of Netflix's (NFLX) earnings report. Woods discusses what to expect from the earnings report, highlighting ad revenue as a stand-out point.