Netflix Inc. announced on Tuesday that its revenue in the fourth quarter of fiscal 2024 was $10.2 billion, rising by 16% year-on-year and beating analysts' expectations.
The company gained 18.9 million paid net subscribers in the fourth quarter of fiscal 2024, bringing the total number of subscribers to 301.6 million. Operating income stood at $2.3 billion, rising by 52% on an annual basis, while net income came in at $1.9 billion. The company's diluted earnings per share (EPS) were $4.27, slightly above expectations.
"Our Q4 slate outperformed even our high expectations: Squid Game season 2 is on track to become one of our most watched original series seasons, Carry-On joined our all-time Top 10 films list, the Jake Paul vs. Mike Tyson fight became the most-streamed sporting event ever and on Christmas Day we delivered the two most-streamed NFL games in history," the company said in its letter to shareholders.
