Helped by 'Stranger Things' finale, Netflix lands strong fourth quarter

Netflix reported a beardown decorativeness to its fiscal twelvemonth connected Tuesday, with gross climbing 18% successful the 4th fourth to conscionable implicit $12 cardinal compared to a twelvemonth ago.

The streaming giant’s profits during the aforesaid play reached $2.4 billion, oregon 56 cents a share, up from $1.87 billion, oregon 43 cents a share, a twelvemonth earlier, the institution reported.

The results were somewhat up of Wall Street estimates and driven by maturation successful the company’s advertizing business, higher prices and increases successful paid memberships, which surpassed the 325 cardinal mark, Netflix said successful a missive to shareholders.

Netflix said full engagement connected its platform, meaning the magnitude of clip its users spent watching content, roseate 2% successful the 2nd fractional of the year.

Netflix got a large boost successful the 4th from the last play of its deed bid “Stranger Things,” among different fashionable shows, documentaries and movies, including Guillermo del Toro’s “Frankenstein” and “Wake Up Dead Man: A Knives Out Mystery.”

For the year, the Los Gatos-based institution reported revenues of $45.2 billion, up 16% from 2024.

The latest net study follows quality earlier Tuesday that Netflix modified its connection to bargain Warner Bros. Discovery, making it an all-cash bid. The companies agreed connected the deal, valued astatine $82.7 billion, successful December.

Rival bidder Paramount has made wide it volition proceed its hostile takeover effort for Warner Bros., contempt immoderate setbacks. It has fixed the company’s shareholders a Jan. 21 deadline to tender their shares. It remains to beryllium seen whether Paramount opts to widen that deadline.

Warner Bros. has rejected Paramount’s overtures aggregate times successful caller months, portion expressing its penchant for its woody with Netflix.

The results were released aft markets closed. Netflix shares closed astatine $87.05, down 1% connected Tuesday.