Netflix Q4 results top estimates after blowout subscriber numbers

Investing.com -- Netflix surged successful afterhours trading Tuesday aft reporting better-than-expected Q4 results arsenic subscriber adds soared.

Netflix Inc (NASDAQ:) shares roseate much than 13% successful afterhours trading.

In the 3 months ended Dec. 31, Netflix net of $4.27 a stock connected gross of $10.25B, topping estimates of $4.27 connected gross of $10.13B.

The streaming elephantine raked successful 18.9M users successful Q4, good supra the 9.2M estimated, underpinned by a beardown contented slate and increasing request for its ads tier membership.

"Our Q4 slate outperformed adjacent our precocious expectations: Squid Game play 2 is connected way to go 1 of our astir watched archetypal bid seasons, Carry-On joined our all-time Top 10 films list, the Jake Paul vs. Mike Tyson combat became the most-streamed sporting lawsuit ever and connected Christmas Day we delivered the 2 most-streamed NFL games successful history," the institution said.

In Q4, the company's ads tier accounted for implicit 55% of sign-ups successful its ads countries and rank connected its ads program grew astir 30% 4th implicit quarter.

"A apical precedence successful 2025 is to amended our offering for advertisers truthful that we tin substantially turn our advertising revenue," the institution said. "We’ll rotation retired our archetypal enactment advertisement level successful the remaining ads countries successful 2025, starting with the US successful April."

Looking ahead, the institution projects 2025 gross of $43.5B to $44.5B, $0.5B higher than its anterior forecast range, compared with analysts estimates for $43.6B.