Netflix Shares Surge Following Strong Q4 Performance
Netflix, the streaming titan, has made headlines once again as its shares soared in extended trading on January 22, 2025, following the release of its fourth-quarter earnings report. The results exceeded market expectations, and the company also raised its revenue outlook for 2025, prompting investor enthusiasm.
In a remarkable display of market strength, Netflix’s stock gained 14% in after-hours trading, nearing the $995 mark. This surge comes on the heels of a significant year for the company, with shares climbing 80% over the past 12 months, far outpacing the S&P 500’s 25% return during the same timeframe. The positive momentum was further bolstered by Netflix’s announcement of a price increase for its subscription services in the U.S., Canada, Portugal, and Argentina, alongside the addition of 19 million net new subscribers, pushing its total membership count over 300 million.