Netflix posts narrow earnings beat, reports 325 million global subscribers

Netflix said on Tuesday it had reached 325 million global paid subscribers, a new milestone for the streaming giant that last reported membership numbers a year ago.

The company reported fourth-quarter earnings and revenue that narrowly beat Wall Street estimates.

Here’s how Netflix performed for the period ended Dec. 31, compared with estimates from analysts polled by LSEG:

• Earnings per share: 56 cents vs. 55 cents, estimated
• Revenue: $12.05 billion vs $11.97 billion, estimated

Net income for the period was $2.42 billion, or 56 cents per share, up from $1.87 billion, or 43 cents per share, during the same period a year earlier.

Netflix said revenue during the fourth quarter rose 18% year over year, which the company said was driven by its membership growth, higher subscription pricing and increased advertising revenue. In recent years Netflix has been focused on growing its ad-supported membership tier.

Netflix launched its ad-supported option in late 2022. The company said Tuesday that 2025 ad revenue grew by more than 2.5-times to more than $1.5 billion versus 2024.

The company expects 2026 revenue to range between $50.7 billion and $51.7 billion, due to increases in membership and pricing, as well as “a projected rough doubling of ad revenue in 2026” compared to the prior year.

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