Netflix Shares Jumps Hits All-Time High as Subscriber Base Tops 300 Million
After reporting strong financial results in its latest quarter, Netflix's (NFLX, Financial) stock price jumped 10% to hit an all-time peak of $954 in Wednesday trading sessions. Thanks to its financial achievements, Netflix now has more company value than all its rivals, Disney, Comcast, Warner Bros. Discovery, and Paramount Global combined.
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In Q4 2024, the company added 19 million subscribers who selected its budget-priced ad-supported plans. Netflix users across Canada, Mexico, South Korea, and Western Europe boosted their subscriptions because of Squid Game Bridgerton and Nobody Wants This. During the quarter, customers picked ad-supported plans by 55%, while subscriptions for this plan rose by 30%.
Based on last year's performance, Co-CEO Gregory Peters believes advertising revenues will surge exactly two times from 2024 to 2025. According to Peters, Netflix can capture a significant portion of the $25 billion connected TV ad business because smart TVs outsell traditional TVs.
With access to sports content and worldwide operations, the company maintains premium offerings at affordable prices to lead the market.
This article first appeared on GuruFocus.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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