Wed 22 January 2025:
Shares of international streaming service Netflix posted gains after it released positive balance sheet figures for 2024.
Netflix’s revenue rose 16% in 2024 on a yearly basis, and operating income exceeded $10 billion for the first time in its history, it said on Wednesday.
The price of the company’s shares rose 1.35% to $869.7 as of 8000GMT.
The number of Netflix members at the end of 2024 was at 302 million.
Netflix said its priorities for 2025 are improving its core business with more series and films, further developing newer initiatives, and sustaining healthy growth.
The company’s 2025 revenue expectations hovered between $43.5 billion and $44.5 billion.
__________________________________________________________________________
https://whatsapp.com/channel/0029VaAtNxX8fewmiFmN7N22
__________________________________________________________________________
Netflix began in 1997 as a DVD rental-by-mail service founded by Reed Hastings and Marc Randolph in California. The company disrupted traditional video rental models by offering no late fees and a subscription-based service, allowing customers unlimited DVD rentals for a flat monthly fee.
In 2007, Netflix launched its streaming platform, marking a pivotal shift toward digital content delivery. By licensing and later producing original content, Netflix differentiated itself in a growing market. The release of its first original series, House of Cards, in 2013, solidified its reputation as a major content creator.
International expansion began in 2010, and by 2016, Netflix operated in over 190 countries. The company invested heavily in diverse, high-quality original programming, like Stranger Things and The Crown, helping it dominate the global streaming industry.
Netflix’s impact reshaped entertainment, challenging traditional TV networks and inspiring a new era of on-demand viewing. Despite growing competition and evolving consumer habits, Netflix remains a leading force in the streaming market, with a commitment to innovation and storytelling.
-Source: AA
__________________________________________________________________________
FOLLOW INDEPENDENT PRESS:
WhatsApp CHANNEL
https://whatsapp.com/channel/0029VaAtNxX8fewmiFmN7N22
TWITTER (CLICK HERE)
https://twitter.com/IpIndependent
FACEBOOK (CLICK HERE)
https://web.facebook.com/ipindependent
YOUTUBE (CLICK HERE)
https://www.youtube.com/@ipindependent
Think your friends would be interested? Share this story!