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Netflix added a record 19 million subscribers in holiday quarter

  • Netflix gained 19 million new subscribers in the last quarter of 2024, marking its biggest-ever increase, bringing the total to 302 million worldwide.
  • The company's revenue increased 16%, exceeding $10 billion for the first time, with operating income rising to $2.3 billion, a 52% increase year-on-year.
  • Netflix will raise prices on most subscription tiers in the US and Canada, with the standard plan increasing from $15.49 to $17.99.
  • Netflix attributed its success to the Mike Tyson-Jake Paul boxing match, which had 108 million viewers, and the success of 'Squid Game' season two, which had 68 million views in its first week.
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