The streaming service reports a profit of 4.27 dollars per share. This can be compared to the analysts' expectations of 4.20 dollars per share and with 2.11 dollars during the corresponding quarter a year earlier.
The revenue landed at 10.25 billion dollars, compared to the expected 10.11 billion dollars, according to the analysis firm LSEG. During the quarter a year earlier, the revenue was approximately 8.8 billion dollars.
Netflix also beats expectations in terms of the number of paying customers, and significantly so, reports CNBC.
Largest increase
At the end of the quarter, the company had 301.63 million paying subscribers. The analysis firms expected 290.9 million and in the quarterly report a year earlier, Netflix reported 260 million paying subscribers.
The number of subscribers compared to the previous, third quarter, increased by 18.9 million. This is more than double what the analysts believed and the largest increase in Netflix's history, writes the news agency Bloomberg.
Behind the successes lies – according to Netflix – good advertising sales, live sports events, increased screen time during weekends in December, the sequel to the popular TV series "Squid Game", and a generally better and broader product range.
Rocketing stock
Furthermore, Netflix expects revenue growth this year to be greater and come faster than previously stated. This is due, among other things, to price increases in the USA, Canada, Portugal, and Argentina.
During the full year 2025, the company believes that revenue will land at 44.5 billion dollars, an increase of 14 percent compared to the full year 2024.
In after-hours trading on the New York Stock Exchange, the stock is up 13.4 percent.
