Netflix Gains Record 19 Million Subscribers in Holiday Quarter

Netflix gained 19 million new subscribers in the final quarter of 2024, bringing the global total to 302 million, representing its largest increase to date. This success is credited to the Mike Tyson and Jake Paul boxing match, which attracted 108 million viewers, and two Christmas Day NFL games with an average viewership of 30 million. Netflix is set to raise prices on most subscription tiers, with the standard monthly membership fee increasing from $15.49 to $17.99, to be implemented soon. The company reported a 16% revenue growth, surpassing $10 billion for the first time, leading to a 13% surge in its stock following the announcement.