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Netflix (NASDAQ:NFLX) held onto its gains Thursday after surging 13.25% to $985 at 10:01AM EST. The streaming giant shattered expectations in Q4, adding 18.91 million net subscribersmore than double the 9.18 million projected and marking a 44% year-over-year increase. Revenue climbed 16.1% year-over-year to $10.25 billion, exceeding estimates by $140 million.
Total global streaming memberships hit 301.63 million, fueled by strong holiday demand. Following the blockbuster quarter, Netflix confirmed price hikes in the U.S., Canada, Portugal, and Argentina, signaling confidence in continued subscriber growth. For Q1, Netflix expects revenue of $10.42 billion, just shy of the $10.48 billion consensus, and earnings per share of $5.58, below the $5.98 forecast.
However, the company raised its 2025 revenue outlook to $43.5 billion$44.5 billion, despite a $1 billion currency headwind from a stronger U.S. dollar. Analysts remain bullish, citing Netflix's pricing power, content strategy, and strong subscriber momentum as key drivers for sustained growth.
This article first appeared on GuruFocus.