Reported about 4 hours ago
Netflix's stock surged over 13% to reach an all-time high after reporting a record 18.9 million new subscribers for Q4 2024 and exceeding revenue expectations. Analysts praised the company's 'near flawless' earnings, prompting price target increases, with revenue projected between $43.5 billion and $44.5 billion for 2025. The company also announced a significant stock buyback and price hikes across its subscription plans, signaling confidence in its business strategy as competition intensifies.
Source: YAHOO