Netflix's after-hours trading surged by 16%!

LB Select
2025.01.22 01:58

In the fourth quarter, the financial report was impressive, and Netflix's stock price soared in after-hours trading, now up over 14%!

Earlier, Netflix announced its financial report showing: revenue for the quarter increased by 16% year-on-year to $10.25 billion, exceeding analysts' expectations of $10.11 billion; net profit doubled year-on-year to $1.87 billion, operating profit increased by 52% year-on-year to $2.3 billion, and the operating profit margin was 22%, higher than 17% in the fourth quarter of 2023 and above the company's guidance.

The most critical point is: Netflix added 18.91 million paid subscribers in the quarter, setting a new quarterly record, exceeding analysts' expectations of 9.18 million.

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