Netflix's (#NFLX) #stock has surged over 14% in after-hours trading following an impressive report of subscriber growth that exceeded expectations. Here are the key highlights:

Record Subscriber Growth: Netflix added 18.9 million subscribers in the fourth quarter, marking the largest quarterly gain in the company's history. This growth significantly surpassed Wall Street's expectations of 9.18 million new subscribers.

Financial Performance: The company reported revenue and earnings that also exceeded forecasts, leading to an optimistic outlook for 2025, with projected revenue between $43.5 billion and $44.5 billion.

Price Hikes Announced: In conjunction with the subscriber growth, Netflix announced price increases across most of its plans in the U.S., Canada, Portugal, and Argentina. The ad-supported plan will rise to $7.99, while the standard ad-free tier will increase to $17.99, and the premium plan will go up to $24.99.

Live Events Impact: The subscriber boost was attributed to successful live events, including NFL games and a high-profile boxing match, which contributed to Netflix's most-watched Christmas Day ever in the U.S.
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#NFLX #stock