Reported about 4 hours ago
Netflix's stock hit an all-time high, closing nearly 10% up after a stellar fourth quarter earnings report, which revealed a record gain of 18.9 million users. Analysts praised the company's performance, with revenue surpassing expectations at $10.25 billion and earnings per share exceeding forecasts. In addition, Netflix announced a $15 billion stock buyback and raised its revenue outlook for 2025, reflecting strong subscriber growth despite rising prices and competitive pressures in the streaming market.
Source: YAHOO