Get pleasure from this quarterly-subscriber replace when you can, as a result of it’s the final time Netflix plans on sharing one.
Netflix ended 2024 with a whopping 302 million world paid subscribers, up roughly 19 million from the top of September. Media analysts anticipated the streamer would add 9 million (or so) subs within the interval. It blew that quantity out of the water and had a file quarter.
Wall Road forecast Netflix’s fourth quarter earnings per share (EPS) would are available in at $4.19 on $10.11 billion in income, in response to consensus forecasts. Netflix on Thursday beat these expectations and reported EPS of $4.27 on $10.24 billion in income; web revenue was $1.86 billion. It’s the primary time Netflix surpassed $10 billion in income within the streamer’s historical past.
As of October 17, 2024, Netflix anticipated This autumn income of $10.13 billion and a $1.85 billion revenue ($5.40 in EPS).
Netflix will share subscriber whole updates because it crosses key milestones, however quarterly subscriber updates, in addition to common income per consumer, received’t be included in its public earnings reviews transferring ahead. Surpassing 300 million subscribers globally actually looks as if a milestone.
The most important highlights for Netflix in This autumn got here throughout the quarter’s last six days. On December 25, 2024, Christmas Day, Netflix streamed its first two NFL video games — full with a Beyoncé halftime present. The very subsequent day, Netflix premiered the extremely anticipated second season of “Squid Recreation,” its single largest piece of content material in recorded historical past. On the movie aspect, Netflix had successful with “Carry-On,” its Christmas thriller launched on December 13. It was the platform’s high movie every week by means of the top of the 12 months (after which some).
Netflix’s monetary hit of 2024 was undoubtedly its paid-sharing program, colloquially known as its password-sharing crackdown. With promoting off to a sluggish begin, Netflix wanted the newfound income offered within the type of add-on plans for former account customers exterior of the first family. The enforcement additionally transformed thousands and thousands of password-borrowers under consideration holders in their very own proper.
Netflix executives will comply with up this afternoon’s earnings announcement with a video interview at 4:45 p.m. ET.