Netflix, Inc. (NASDAQ: NFLX) reported a rise in income and revenue for the fourth quarter of 2024, because the streaming big’s subscriber base continued to develop. Each earnings and the highest line exceeded estimates.
The corporate added 18.91 million new members and ended the fourth quarter with a complete of 301.63 million paid subscribers. At $10.25 billion, This fall income was up 16% from the year-ago quarter and above analysts’ forecast.
Web revenue elevated to $1.87 billion or $4.27 per share within the December quarter from $938 million or $2.11 per share within the corresponding interval of 2023. Earnings topped the market’s expectations.