Netflix surges past 300 mn subscribers [Video]

Netflix on Tuesday said it added nearly 19 million subscribers during the holiday season to finish out last year with more than 300 million subscribers.

In the final quarter of 2024, the streaming juggernaut said it logged profit of $1.87 billion on revenue of $10.25 billion that grew double digits from the same period the prior year.

Netflix shares jumped more than 10 percent to $960.60 in after-market trades.

“We enter 2025 with strong momentum, coming off a year with record net additions – 41 million- and having re-accelerated growth,” Netflix executives said in a letter to shareholders.

They added that Netflix is in a “leadership position” when it comes to engagement of about two hours daily per paid member and when it comes to revenue and profit in a market that is continuing to expand.

“Our business remains intensely competitive with many formidable competitors across traditional entertainment and big …