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Netflix Subscriber Base Soars Past 300 Million on Original Shows and Sports Events—and Stock Jumps

The company also raised prices across most subscription tiers.
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Netflix Subscriber Base Soars Past 300 Million on Original Shows and Sports Events—and Stock Jumps
The Netflix logo is displayed at Netflix's Los Angeles headquarters on Oct. 7, 2021. Mario Tama/Getty Images
Panos Mourdoukoutas
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Popular original series such as “Squid Game” and live sports such as the Jake Paul versus Mike Tyson fight helped Netflix cross the threshold of 300 million subscribers and report record revenues and operating income. The company’s stock jumped to new highs, adding hype to the tech sector during the regular trading session on Jan. 22.

On Jan. 21, the California-based streaming and production services company reported adding 19 million subscribers for the fourth quarter of 2024, exceeding the most optimistic analyst expectations. This is on top of 5 million new subscribers in the third quarter and 8.8 million more in the second quarter, bringing the total number of subscribers to 302 million.
Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”