Netflix has crossed a major milestone, ending 2024 with a formidable 301.63 million world subscribers.
The streaming large highlighted the determine in its fourth-quarter earnings report on Tuesday, showcasing a record-breaking addition of 18.91 million new subscribers within the October-December interval—a 15.9% year-over-year improve.
This rise surpassed preliminary estimates, which had anticipated a achieve of 9.18 million subscribers.
Netflix’s development additionally builds on its Q3 efficiency, which noticed 5.1 million new subscribers, pushing its whole to 282.72 million on the time.
In its letters to shareholders, Netflix famous, “Our This fall slate outperformed even our excessive expectations”
It highlighted key successes resembling Squid Recreation Season 2, which is on monitor to turn out to be considered one of its most-watched authentic collection, and Carry-On, which joined the platform’s all-time High 10 movies.
Different highlights included the Jake Paul vs. Mike Tyson combat, the most-streamed sporting occasion ever, and two record-breaking NFL video games on Christmas Day.
What we all know
The subscriber development was unfold throughout all areas:
- U.S. and Canada: 4.82 million new subscribers
- Europe, Center East, and Africa: 5 million
- Latin America: 4.15 million
- Asia-Pacific: 4.94 million
Netflix’s fourth quarter marks the final time the corporate will disclose subscriber numbers in its quarterly experiences, a change introduced earlier in 2024. Going ahead, the corporate will share updates just for main milestones, citing a shift in focus towards income and engagement metrics.
Financially, Netflix reported $10.2 billion in income for the quarter, barely above Wall Road’s forecast of $10.11 billion, and an EPS of $4.27.
Netflix expectations for 2025
Looking forward to 2025, Netflix plans to strengthen its core enterprise by increasing its slate of collection and movies, enhancing consumer expertise, and rising its ad-supported tier.
- It additionally goals to additional develop reside programming, video games, and new initiatives to maintain wholesome development. Income projections for 2025 stand at $43.5-$44.5 billion, with an working margin anticipated to extend to 29%.
- Co-CEO Greg Peters outlined plans to develop Netflix’s gaming portfolio, specializing in narrative-driven titles primarily based on Netflix mental property and introducing celebration and co-op video games designed for family-friendly experiences.
As Netflix continues to innovate and develop, 2025 is poised to be one other transformative yr for the world’s largest streaming platform.