Netflix Surges Past 300 Million Subscribers in Q4 2024 Amid Price Hikes
Netflix's Q4 2024 earnings reveal record subscriber growth and significant revenue increase, alongside planned price hikes for U.S. users.
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In Q4 2024, Netflix added nearly 19 million subscribers, reaching over 300 million total. Revenue rose 16% to $10.2 billion, exceeding analyst expectations. The company announced price increases for several subscription plans, including its ad-supported plan, as well as an extra member fee, aiming to sustain growth and improve service offerings. Wall Street analysts upgraded their ratings, underscoring Netflix's strong market position despite ongoing price hikes across streaming services.
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