Netflix Stock Pops On Higher Revenue Outlook, $15B Buyback Boost

Netflix ( NFLX ) reported fourth-quarter results that surpassed analysts’ expectations and raised its 2025 revenue forecast, sending shares soaring after the bell Tuesday.

The streaming giant saw revenue grow 16% to $10.25 billion, above the analyst consensus compiled by Visible Alpha. Earnings came in at $1.87 billion, or $4.27 per share, up from $937.8 million, or $2.11 a share, a year ago and beat analysts’ expectations.

Netflix said it ended 2024 with 302 million memberships and achieved 19 million net new additions in the fourth quarter. This is the last quarter Netflix will report membership and average revenue per member on a quarterly basis, as previously announced.

Looking ahead, Netflix said it expects fiscal 2025 revenue of $43.5 billion to $44.5 billion, $500 million higher than its previous estimate. Analysts had expected $43.65 billion, according to Visible Alpha.

The streamer also said it boosted its share repurchase program by $15 billion, bringing its total authorization to $17.1 billion. Last year, Netflix repurchased 9.9 million shares for $6.2 billion.

Shares of Netflix jumped over 12% in extended trading Tuesday following the release. They were up nearly 80% over the past year as of Tuesday’s close.

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