Netflix stock surged 9% after record subscriber growth and strong Q4 results

From Zacks Investment Research: 2025-01-22 19:04:24

Netflix (NFLX) stock surged 9% after strong Q4 results, hitting a 52-week peak of $999 a share. Q4 sales reached $10.24 billion, up 16% from last year, with earnings at $4.27 per share. Subscriber growth exceeded expectations, adding a record-breaking 19 million new subscribers. Netflix now has over 300 million total subscribers, staying ahead of competitors like Disney+. The company raised revenue guidance for FY25 and FY26, with expected EPS growth of 18% and 19% respectively. Analysts are raising price targets for NFLX, with a potential Zacks buy rating in the future.



Read more at Zacks Investment Research: Buy the Surge in Netflix Stock After Record Subscriber Growth? – January 22, 2025