Netflix announced its earnings results for the fourth quarter of 2024. It was a very good quarter with record subscriber growth and revenue,
Netflix writes that the price hikes are so that it can continue to invest further in programming and deliver more value for its subscribers. The latter is a number that continues to grow, with Netflix adding 18.9 million new subscribers in quarter four of 2024, for a total of 302 million paid subscribers globally.
Jim Cramer coined the term “FANG” stocks, which included Facebook (META), Amazon (AMZN), Netflix (NFLX), and Google (GOOG). A few years alter, Apple (AAPL) was added and turned “FANG” into “FAANG.” A decade later,
Google has told the technology branch of the EU's European Commission that it will not comply with a new fact-checking law to counter disinformation that Republicans have argued amounts to "censorship.
Most of the time, Netflix releases new shows and movies at 12am PT/3am ET. For other time zones, check out the list below: There are only two big exceptions to Netflix’s release time rule: live events and anime shows.
Netflix's overall revenue grew 16% to $10.2 billion last year thanks to subscriber and ad revenue growth, with operating margins up 27%.
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The earnings report solidified Netflix's dominance in the market, with hits such as "Squid Game" and a boxing match between Jake Paul and Mike Tyson.
Netflix has announced price increase for both standard and premium plans in the US, Canada, Portugal, and Argentina.
Netflix said during its latest quarterly earnings call that it plans to offer users board games and party games to keep them entertained.
Netflix users in the US, Canada, Portugal, and Argentina will have to pay more for their streaming subscription.