Netflix adds a record 19M subscribers in holiday quarter
Netflix adds 18.9 million subscribers in its holiday quarter, blowing past Wall Street's forecasts, with live sporting events and the return of its popular South Korean series 'Squid Game,' attracting a record number of new customers, the company reported on Jan. 21, 2025. Shares of Netflix surged about 10 percent in extended trade, lifting its stock market value by almost $40 billion. Netflix said its fourth-quarter programming slate surpassed its internal expectations, with the Jake Paul vs. Mike Tyson boxing match becoming the most-streamed sporting event and the two National Football League games on Christmas Day delivering two of the most-streamed competitions in league history. The service also benefited from the second season of its dystopian thriller "Squid Game," which the company said was on track to become one of its most-watched original series.
REUTERS / NETFLIX
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