Netflix concluded 2024 with its highest quarterly subscriber gain ever, adding 18.9 million customers in the fourth quarter. This growth was driven by the introduction of live sporting events and the return of the popular series Squid Game. Shares of Netflix surged over 15% in after-hours trading following the announcement.
Last months of 2024 delivered biggest quarterly subscriber gain in its history for streaming video platformNetflix closed 2024 with its biggest quarterly subscriber gain in history, buoyed by its first major live sporting events and the return of Squid Game.
Netflix will boost sales by increasing prices in its home market. The company is raising prices in the US, Canada, Portugal and Argentina, with the most popular US plan going to $17.99 a month, an increase of $2.50. Netflix is also increasing the cost of its cheaper advertising-supported plan.Do something with your savings before rates fall further
Netflix will stop reporting subscriber figures following a surge in new customers from its crackdown on password sharing. Analysts and investors had expected the benefits from that effort to wear off by now, but Netflix just posted its single best year ever in terms of subscriber additions, netting 41 million new customers.
“Our newly established live programming slate has already delivered some must-watch moments,” the company wrote in its letter. “Although our live programming will likely be a small percentage of our total view hours and content expense, we think the eventized nature will result in outsized value to both our members and our business.”
Management has eschewed buying the rights to most major sporting events, arguing they are too expensive. Yet it did license the rights to the FIFA Women’s World Cup and is seen as a potential partner for the Ultimate Fighting Championship.
Technology NETFLIX SUBSCRIBERS LIVEEVENTS SQUIDGAME ADVERTISING
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Netflix Ends 2024 With Record Subscriber Growth Fueled by Live Events and Squid GameNetflix closed 2024 with its biggest quarterly subscriber gain ever, adding 18.9 million customers in the fourth quarter. This surge was driven by the company's first major live sporting events and the return of Squid Game, bringing global subscribers to over 300 million. This marks the last time Netflix will report quarterly subscriber numbers, as the company shifts its focus to financial metrics like sales and profit.
Read more »
Platform 55 Wins The Pitch 2024 with €100,000 PrizePlatform 55, a company focused on creating equitable and inclusive workplaces, won The Pitch 2024 competition, securing a €100,000 prize. The duo behind Platform 55, Tracy and Michelle, attributed their success to their passion for their work and the increasing recognition of the business value of inclusivity.
Read more »
U2 and Oasis Concerts Among Most Searched Gigs of 2024 and 2025Google search data reveals U2 and Oasis concerts were highly sought after in 2024 and 2025. Taylor Swift’s Eras Tour topped the list of most searched concerts globally.
Read more »
From Notify to Ani DiFranco: The top five trad/folk albums of 2024Joyful Irish traditional music and politically charged folk feature in our LP picks of the year
Read more »
Make Christmas 2024 Waste-Free: Tips From Voice IrelandLearn how to celebrate Christmas sustainably with these tips from Voice Ireland and the Irish Mirror. Reduce food waste, choose eco-friendly gifts, and enjoy a waste-free festive season.
Read more »
Record 251,000 Public Patients to Have Had Treatment Arranged in 2024, Exceeding Targets by 10%The National Treatment Purchase Fund (NTPF) reports a record 251,000 public patients will have received operations, procedures, diagnostic scans, and consultant appointments by the end of 2024, exceeding its targets by over 10%. This includes a significant number of procedures, appointments, and scans facilitated through private hospitals and insourcing initiatives within the public system.
Read more »