Netflix ended 2024 with 302 million global subscribers and an annual operating income exceeding $10 billion for the first time in the company’s history, the streaming giant said on Tuesday.
The company said those results were buoyed by programming in recent months that surpassed internal expectations: Season two of “Squid Game” will be one of the company’s most-watched original seasons ever; “Carry-On” landed in the platform’s Top 10 most-viewed movies; and both the “Jake Paul vs. Mike Tyson” fight and the N.F.L. games racked up huge audiences.
Netflix added 19 million new subscribers in the final quarter of the year, its biggest rise in a single quarter yet. Revenue jumped 16 percent in the latest quarter, and net income rose to $1.87 billion.
Netflix revealed that its members watch, on average, seven films a month. In addition to “Carry On,” other original films that performed well on the service included Richard Curtis’s “That Christmas,” and Tyler Perry’s “The Six Triple Eight.” “It Ends With Us,” a film from Sony Pictures that generated many headlines because of conflicts between the film’s two stars, Blake Lively and Justin Baldoni, also generated big audiences for the service.
While many entertainment companies are reeling from a contraction in the marketplace, Netflix remains optimistic. “With the impacts of Covid and the strikes well behind us, we plan on delivering an amazing slate for our members,” the company said in a statement.
Highlights for the upcoming year will include new seasons of “Squid Game,” “Wednesday” and “Stranger Things,” 52 weeks of WWE programming, John Mulaney’s new variety talk show, more N.F.L. on Christmas and new films including the third installment of “Knives Out,” “Happy Gilmore 2,” “Kinda Pregnant” starring Amy Schumer and a new “Frankenstein” from Guillermo del Toro.
The company is increasing prices on Tuesday across most plans in the United States, Canada, Portugal and Argentina. The standard membership will increase to $17.99 from $15.49 while the standard with ads pricing will go up a dollar, to $7.99. Premium memberships will rise $2, to $24.99, and adding an extra member to your account will also cost an extra dollar.
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