Netflix Soars 15% on Blowout Subscriber Growth and Strong Earnings
Date: 2025-01-22 09:54:00
Netflix (NASDAQ:NFLX) surged more than 15% in pre-market trading today after delivering a stellar fourth-quarter performance that far exceeded Wall Street expectations, driven by a dramatic rise in subscriber numbers and robust revenue growth.
For the quarter, the streaming leader reported earnings of $4.27 per share on revenue of $10.25 billion, surpassing analyst estimates of $4.20 per share and $10.1 billion in revenue. The company’s standout achievement was its addition of 18.9 million new subscribers, more than doubling projections of 9.2 million, propelled by a strong content lineup and increasing popularity of its ad-supported membership tier.
Netflix attributed its success to a remarkable slate of content, highlighting the impressive performance of Squid Game Season 2, the inclusion of Carry-On among its all-time top 10 films, and the record-breaking viewership of the Jake Paul vs. Mike Tyson fight and Christmas Day NFL games.
The ad-supported tier emerged as a key growth driver, accounting for over 55% of new sign-ups in the fourth quarter, with a 30% sequential increase in memberships. Netflix emphasized its commitment to expanding advertising revenue, announcing plans to enhance its first-party ad platform starting in the U.S. in April 2025.
In response to its subscriber growth, Netflix raised prices for its ad-supported plan in the U.S. to $7.99 from $6.99, while its premium tier increased by 9% to $24.99. Similar price hikes were rolled out in markets such as Canada, Portugal, and Argentina.
Looking ahead, Netflix projected 2025 revenue of $43.5 billion to $44.5 billion, a $500 million increase from previous guidance and slightly ahead of analyst expectations of $43.6 billion.
Author: Davit Kirakosyan
Source: Financial Modeling Prep
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Seagate Beats Expectations with Strong Q2 Performance, Shares Surge 7%
Date: 2025-01-22 09:38:00
Seagate Technology PLC (NASDAQ:STX) delivered better-than-expected results for its second quarter, driven by robust demand for its data storage solutions. Following the announcement, the company's shares rose around 7% in pre-market today.
For the quarter, Seagate reported adjusted earnings per share of $2.03, surpassing analyst expectations of $1.87. The company posted a net income of $336 million. Revenue for the quarter reached $2.33 billion, slightly above the consensus estimate of $2.32 billion.
Looking ahead, Seagate provided third-quarter revenue guidance of $2.10 billion, with a margin of $150 million, and projected non-GAAP diluted earnings per share in the range of $1.50 to $1.90.
The company is focusing on its heat-assisted magnetic recording (HAMR) technology to cater to the growing demand for higher-capacity data storage. As cloud providers and enterprises continue to expand their data infrastructure, Seagate is banking on this cutting-edge technology to maintain its competitive edge.
During the December quarter, Seagate began ramping up production of HAMR-based Mozaic products, delivering to a major cloud customer. The company also highlighted progress in sampling drives with capacities of up to 36 terabytes, signaling a leap forward in storage innovation.
Author: Davit Kirakosyan
Source: Financial Modeling Prep
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United Airlines Reports Strong Q4 Results, Stock Gains 4%
Date: 2025-01-22 09:31:00
United Airlines Holdings (NASDAQ:UAL) delivered robust fourth-quarter earnings, surpassing analyst expectations as revenue growth and a recovering demand environment fueled its performance across domestic and international markets. Following the announcement, United Airlines shares climbed around 4% in pre-market today.
For the quarter, the airline reported adjusted earnings per share of $3.26, beating projections by 33 cents. Total revenue for the quarter reached $14.7 billion, with net income of $1 billion, underscoring the airline’s strong operational recovery.
Looking ahead, United Airlines anticipates significant growth in revenue per available seat mile (RASM) for the first quarter of 2025, with domestic RASM expected to turn solidly positive and international RASM continuing its upward trajectory. The company attributed its momentum to sustained demand recovery and strategic industry shifts.
For the first quarter of 2025, United projected adjusted earnings per share in the range of $0.75 to $1.25. For the full year, the airline provided guidance for adjusted diluted EPS between $11.50 and $13.50, signaling confidence in its ability to capitalize on ongoing market recovery and industry transformation.
Author: Davit Kirakosyan
Source: Financial Modeling Prep
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Johnson & Johnson Exceeds Q4 Expectations with Strong Oncology Demand
Date: 2025-01-22 08:45:00
Johnson & Johnson (NYSE:JNJ) delivered fourth-quarter results that surpassed Wall Street expectations, driven by robust demand for its cancer treatments and strategic acquisitions. The pharmaceutical giant also provided an upbeat forecast for 2025, projecting full-year sales of $90.9 billion to $91.7 billion and adjusted earnings per share of $10.75 to $10.95, both above analyst estimates.
Revenue for the quarter climbed 5.3% year-over-year to $22.52 billion, bolstered by a remarkable 19% increase in oncology drug sales. The multiple myeloma therapy Darzalex led the charge, with sales surging nearly 21% to over $3 billion.
The company's recent $13.1 billion acquisition of Shockwave Medical contributed $258 million to quarterly revenue, further strengthening its top-line performance.
Adjusted earnings for the quarter came in at $2.04 per share, slightly down from the prior year due to a $0.22 impairment charge linked to the acquisition of V-Wave, a medical device maker. Despite this, the earnings figure beat analyst projections of $2.01.
Author: Davit Kirakosyan
Source: Financial Modeling Prep
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