Netflix shares soar as company reports surging revenue, tops 300 million subscribers
Posted: Jan 21, 2025
- Netflix reported earnings after the bell on Tuesday
- Earnings per share was $4.27 vs. $4.20
- Revenue was $10.25 billion vs. $10.11 billion
- Paid memberships increased to 301.63 million from 290.9 million
- Netflix shares soared over 10% after the company reported record earnings and over 300 million subscribers
- Net income for the period was $1.87 billion, or $4.27 per share
- Revenue in the fourth quarter jumped 16% year-over-year, reaching $10.25 billion
- Paid memberships reached 301.63 million
- Stock ticker for Netflix is $NFLX
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