Netflix shares up following positive 2024 growth figures
Netflix shares rose 1.35% after reporting a 16% revenue increase and over $10 billion in operating income for 2024. The company also reached 302 million members and projected 2025 revenues between $43.5 billion and $44.5 billion.
- Tech
- Anadolu Agency
- Published Date: 11:58 | 22 January 2025
- Modified Date: 12:10 | 22 January 2025
Shares of international streaming service Netflix posted gains after it released positive balance sheet figures for 2024.
Netflix's revenue rose 16% in 2024 on a yearly basis, and operating income exceeded $10 billion for the first time in its history, it said on Wednesday.
The price of the company's shares rose 1.35% to $869.7 as of 8000GMT.
The number of Netflix members at the end of 2024 was at 302 million.
Netflix said its priorities for 2025 are improving its core business with more series and films, further developing newer initiatives, and sustaining healthy growth.
The company's 2025 revenue expectations hovered between $43.5 billion and $44.5 billion.