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.

Tags

Greece Reports €4.6B Budget Surplus

17 June 22:44

Greece recorded a primary budget surplus of €4.6 billion on a cash basis between January and May 2025, according to data from the Bank of Greece.

Romania to Host NATO Ammo Hub

17 June 20:02

During a visit to Dambovita County on Tuesday, Economy Minister Bogdan Ivan announced that Dragomirești will become home to NATO’s Ammunition Centre of Excellence for all of Europe.

Union Warns of Rail Reform Risks

17 June 15:30

The head of Bulgaria’s Railway Transport Workers Union, Petar Bunev, has warned that proposed reforms to divide the country’s state-run rail passenger service among three private operators could fragment the market and create “three private monopolies.”

Moldova Boosts Business Grants

15 June 19:00

The Moldovan government will allocate an additional 100 million lei from the Budget +PLUS program to enhance grant funding managed by the Organization for Entrepreneurship Development (ODA).

Major Food Factory Investment Launched in Bălți

13 June 23:22

A new state aid agreement was signed today in Bălți, paving the way for one of northern Moldova’s largest private investments in recent years.

Ministry Denies Eco-Tax Hike

13 June 23:00

The Ministry of Environment and Water has dismissed claims of a drastic rise in environmental taxes, calling recent reports of a 900% surge in eco-taxes on electric appliances baseless.

Sofia Backs Renewable Fuels

13 June 15:35

Sofia will host a renewable fuel awareness event this Friday as part of the European initiative Tour d'Europe, the Bulgarian Petroleum and Gas Association (BPGA) announced.

Netflix Shares Rise After Strong 2024 Financial Results

Tags

Related articles

Most read

Press Releases

Features