Netflix Shares Rise After Strong 2024 Financial Results

Business 22 January 2025 18:00

Netflix shares climbed 1.35% to $869.7 as of 8:00 GMT on Wednesday, following the announcement of impressive 2024 financial results, CE Report quotes Anadolu Agency

The streaming giant reported a 16% increase in revenue compared to the previous year, with operating income surpassing $10 billion for the first time in its history. Subscriber numbers also hit a record high of 302 million by year-end.

Looking ahead to 2025, Netflix aims to enhance its core offerings with more series and films, expand newer initiatives, and maintain healthy growth. The company projects annual revenue between $43.5 billion and $44.5 billion.

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Netflix Shares Rise After Strong 2024 Financial Results

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