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BUZZ-Netflix rises after reporting record 19 mln subscribers in Q4

ReutersJan 21, 2025 9:04 PM

Shares of streaming platform Netflix NFLX.O up 10.6% at $961.3 in after-hours trading

Adds 18.9 million subscribers in Q4, compared with estimates of 9.6 million additions, according to data compiled by LSEG

NFLX says will increase prices for most plans in the U.S., Canada, Portugal and Argentina

Prices of the basic plan with ads to increase $1 a month to $7.99 in U.S., up 14%

Reports Q4 revenue of $10.25 billion vs estimates of $10.11 billion

Sees Q1 revenue of $10.42 billion vs ests. of $10.49 billion

NFLX surged more than 77% over the last year, surpassing a 24% rise in the S&P 500 index

(Reporting by Juby Anna Babu in Mexico City)

((Juby.Babu@thomsonreuters.com))

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