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

Core Insights - Netflix reported fourth-quarter results that exceeded analysts' expectations, leading to a significant increase in share price [1] - The company experienced a 16% revenue growth, reaching $10.25 billion, and earnings rose to $1.87 billion, or $4.27 per share, compared to $937.8 million, or $2.11 per share, a year prior [1] - Netflix ended 2024 with 302 million memberships, adding 19 million net new members in the fourth quarter [2] Revenue Forecast - For fiscal 2025, Netflix raised its revenue forecast to between $43.5 billion and $44.5 billion, which is $500 million higher than the previous estimate [2] - Analysts had anticipated a revenue of $43.65 billion for 2025 [2] Share Repurchase Program - The company increased its share repurchase program by $15 billion, bringing the total authorization to $17.1 billion [3] - In the previous year, Netflix repurchased 9.9 million shares for $6.2 billion [3] Stock Performance - Following the earnings release, Netflix shares surged over 12% in after-hours trading and have risen nearly 80% over the past year [3]