---
title: "Netflix added a record 19 million subscribers in holiday quarter"
description: "Netflix just scored a blockbuster holiday season with nearly 19 million new subscribers, thanks to a killer lineup featuring everything from \"Squid Game\" to boxing matches, but don’t get too cozy—prices are going up as the streaming giant cashes in on its newfound popularity."
type: "NewsArticle"
publisher: "Daily Maverick"
site: "https://www.dailymaverick.co.za"
section: "SQUID GAMES PULLS IN SUBSCRIBERS"
author: "Reuters"
author_url: "https://www.dailymaverick.co.za/author/reuters/"
canonical_url: "https://www.dailymaverick.co.za/article/2025-01-22-netflix-added-a-record-19-million-subscribers-in-holiday-quarter/"
published: "2025-01-22T05:32:51"
updated: "2025-01-22T05:32:53"
lang: "en-ZA"
word_count: 402
---

# Netflix added a record 19 million subscribers in holiday quarter

> Netflix just scored a blockbuster holiday season with nearly 19 million new subscribers, thanks to a killer lineup featuring everything from "Squid Game" to boxing matches, but don’t get too cozy—prices are going up as the streaming giant cashes in on its newfound popularity.

By Reuters · Published 22 January 2025, 07:32 SAST · Updated 22 January 2025, 07:32 SAST

## Key points
- In a dazzling display of subscriber seduction, Netflix not only snagged 18.9 million new fans with its mix of live sports and the return of "Squid Game," but also decided to raise prices faster than a plot twist in one of its own thrillers, sending its stock soaring and its revenue projections into the stratosphere.
- Netflix added 18.9 million subscribers in Q4, exceeding forecasts, driven by live sports and "Squid Game."
- The streaming giant will raise prices for most plans in the US, Canada, Portugal, and Argentina, with a notable 14% hike for its basic service.
- Shares surged 10% post-announcement, boosting Netflix's market value by nearly $40 billion.
- The company is shifting focus from subscriber growth to revenue and profit metrics, reporting record earnings and a projected revenue increase for 2025.

## Content

Netflix added 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 Tuesday.

The streaming giant said that as it continues to invest in programming that its members value, it will increase prices for the service for most plans in the US, Canada, Portugal and Argentina. In the US, the basic service with ads would increase by $1 a month to $7.99, a 14% price increase, while the premium package will cost $24.99, an increase of 9%.

Shares of Netflix surged about 10% 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 is on track to become one of its most-watched original series. The company has the lowest rate of cancellations among the subscription streaming services, with a churn rate of 1.8% in December, according to researcher Antenna.

This quarter will also mark the last time Netflix reports subscriber additions, as the company emphasises other performance metrics including revenue and profit - a change analysts attribute to slowing subscriber growth.

The company reported per-share earnings of $4.27, beating Wall Street's forecast of $4.20 per share, according to an average of projections from 34 analysts. Annual operating income exceeded $10 billion for the first time in the company's history.

Revenue rose 16% over the same time a year ago, to $10.2 billion, compared with Wall Street's estimates of $10.1 billion for the quarter, according to LSEG.

"We enter 2025 with strong momentum," Netflix said in its note to investors, saying it added a record 41 million subscribers in 2024 and re-accelerated growth.

The company revised its guidance, projecting revenue of $43.5 billion to $44.5 billion in 2025, an increase of a half-billion dollars over the prior forecast. The updated guidance reflects improved business fundamentals, the company said.

Reporting by Dawn Chmielewski in Los Angeles. Additional reporting by Juby Babu in Bengaluru and Noel Randewich in Oakland, California Editing by Matthew Lewis