Investing.com — Netflix surged in afterhours trading Tuesday after reporting better-than-expected Q4 results as subscriber adds soared.
Netflix Inc (NASDAQ:NFLX) shares rose more than 9% in afterhours trading.
In the three months ended Dec. 31, Netflix reported earnings of $4.27 a share on revenue of $10.25B, topping estimates of $4.27 on revenue of $10.13B.
The streaming giant raked in 18.9M users in Q4, well above the 9.2M estimated, underpinned by a strong content slate and growing demand for its ads tier membership.
In Q4, the company’s ads tier accounted for over 55% of sign-ups in its ads countries and membership on its ads plan grew nearly 30% quarter over quarter.
“A top priority in 2025 is to improve our offering for advertisers so that we can substantially grow our advertising revenue,” the company said.
Looking ahead, the company projects 2025 revenue of $43.5B to $44.5B, $0.5B higher than its prior forecast range, compared with analysts estimates for $43.6B.
