Netflix, Inc. (NASDAQ-NFLX) recently released its fourth quarter and fiscal year 2024 financial results. For the fiscal year, the company generated revenue of $39 billion, an increase of 16% year-over-year. Earnings per share increased 102%. This outstanding financial performance underscores the strong growth and stability of Netflix, Inc (NASDAQ-NFLX) in the streaming services space.
The fourth quarter of 2024, a pivotal quarter for Netflix, saw record subscriber growth. The company added 18.9 million new users, bringing the total number of subscribers to 301.63 million. This result far exceeded analysts’ expectations, who had predicted growth of approximately 9.18 million new subscribers. This growth is the largest in the company’s history and confirms its dominant position in the market.
Netflix also announced a positive outlook for fiscal year 2025, when it expects revenues between USD 43.5 billion and USD 44.5 billion. This estimate suggests that the company will continue to show steady growth and continued expansion in the global digital content market.
This financial track record demonstrates not only Netflix’s strong competitive position in the streaming space, but also its ability to attract new customers through its quality content offerings and strategic investments in original productions. The company also continues to benefit from an expanded video game offering, which helps it reach a broader target audience.
Netflix has recently announced some major changes and news. Among the most notable is the launch of the hit film Oppenheimer (2023) on the platform on March 21, 2025, a strategic move to strengthen its prestige content offering. In addition, the company introduced a new true crime documentary, American Murder: Gabby Petito, which focuses on the highly publicized murder case of influencer Gabby Petito.
Development and prediction of Netflix shares
Netflix (NFLX)’s current stock price as of February 26, 2025 is $977.24, a decrease of $10.99 (0.01112%) from the previous close. In the fourth quarter of 2024, Netflix beat analysts’ expectations, reaching $38.9 billion in revenue, up 15% year-over-year. The number of subscribers grew to 282.7 million, beating the company’s projected growth by half a million users.
The company projects further revenue growth to $44 billion in 2025. This development suggests steady expansion for the company, although various external factors, such as the global economic situation or trade conflicts, may affect the future value of the stock.
Netflix continues to expand and strengthen its market position through quality content and subscriber base growth. While the stock’s short-term movements show some volatility, the long-term outlook remains positive if the company can continue to increase revenue and attract new users.
Netflix’s strong financial results for fiscal year 2024, including record subscriber growth, confirm its strong position in the global market. Expected revenues in 2025 point to steady growth, which remains a promise for investors and users looking forward to continued innovation and quality content. With fourth-quarter , fiscal year 2024 earnings results and 18.9 million new Netflix subscribers, the stock price can be expected to rise, with 38 analysts at Zacks.com setting an average target price of $1,068.33 per share for Netflix, Inc (NASDAQ-NFLX) for the short-to-medium term investment horizon.
