Reported about 8 hours ago
Netflix's stock jumped over 14% after reporting an astonishing 18.9 million new subscribers in Q4, surpassing expectations. The company also announced a $15 billion stock buyback and raised its revenue outlook for 2025. Price hikes will affect various plans, including an increase in the ad-supported rate to $7.99. Despite recent live sports events contributing to growth, Netflix Co-CEO Greg Peters noted that no single title significantly drives subscriber acquisition. Overall, the firm continues to focus on providing unique event programming rather than large regular season sports.
Source: YAHOO