Instant Reaction: Netflix Posts Record Quarter
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 21 January 2025
⏱️ 12 minutes
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Summary
Netflix closed 2024 with its biggest quarterly subscriber gain in history, benefiting from its first major live sporting events and the return of Squid Game.The company added 18.9 million customers in the fourth quarter, according to a shareholder letter Tuesday. That was more than double what Wall Street expected and brought global subscribers at Netflix to more than 300 million. The company’s previous best was 15 million in the first quarter of 2020 — numbers driven by the onset of the coronavirus pandemic. For instant analysis and reaction, hosts Carol Massar and Tim Stenovec speak with Bloomberg Technology Co-Host Caroline Hyde and Bloomberg Intelligence Technology and Media Analyst Geetha Ranganathan.
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| 1:00.4 | Netflix shares soaring |
| 1:02.5 | after they boosted their revenue outlook. |
| 1:04.6 | Carol, one thing that's kind of surprising to me |
| 1:06.9 | which part is the first quarter outlook |
| 1:09.1 | doesn't seem to be affecting the way the stock is moving. |
| 1:12.3 | First quarter operating income, they're projecting 2.94 billion. Analyst wanted to see $3.13 billion. |
| 1:19.8 | First quarter operating margin expected to be 28.2%. Analysts wanted to see 29.8%. Maybe they're |
| 1:25.9 | looking at the 2022 revenue overall and looking at the |
| 1:28.4 | big number versus kind of the breakdown. Even revenue projections coming in light. First |
| 1:32.7 | quarter EPS coming in light. Investors are shrugging that off. But they see 2025 revenue maybe a |
| 1:38.1 | little bit better than what was initially expected. So maybe that's the hope. I don't know. Let's see |
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