Netflix Jumps 13% on Record Subscriber Growth and Strong Financials

Headline: Netflix (NFLX) Soars After Record Q4 Earnings

Body:

Netflix's stock surged over 13% in after-hours trading Tuesday as the streaming giant reported a remarkable Q4 2024 performance.

Key Metrics:

* Subscriber additions: A staggering 18.9 million, far exceeding expectations of 9.18 million.
* Revenue: $10.25 billion, beating estimates of $10.11 billion and representing a 16% year-over-year increase.
* Net income: $1.43 billion, reflecting a 28% surge from the previous year.
* Diluted earnings per share (EPS): $4.27, surpassing estimates of $4.18 and marking a significant improvement from $2.11 in Q4 2023.

Business Highlights:

* Strong subscriber growth attributed to hit content, such as "Jake Paul vs. Mike Tyson," "Squid Game," and live NFL games.
* The company announced price increases for ad-supported, standard, and premium plans.
* Netflix projected 2025 revenue of $43.5-$44.5 billion, exceeding previous estimates of $43-$44 billion.

Analyst Commentary:

Analysts had anticipated a robust Q4 performance due to Netflix's impressive content slate. The massive subscriber additions and financial outperformance further solidifies the company's competitive advantage.

Outlook:

Netflix expects continued growth in Q1 2025, with projected revenue of $10.42 billion and EPS of $5.58. The company remains focused on delivering exceptional content and expanding its market share amidst intense competition.