Netflix subscribers will soon pay more money to stream original hits like "Nobody Wants This" and "Stranger Things" in addition to Netflix's typical offering of old TV shows and movies. With the price hike, those who pay monthly for the ad-free service will be handed $17.99. That's an increase of $2.50, or 16.1%, from the $15.49 that this Netflix tier previously cost. The Standard account with ads rose $1 per month from $6.99 to $7.99, an increase of 14.3%.

Netflix reported that revenue rose to $10.25 billion for the fourth quarter, marking the first time total video streaming has surpassed $10 billion in any quarter. Net income was $1.87 billion, or $4.27 per share. The number of Netflix subscribers worldwide rose to 302 million, up 15.9% from the same quarter last year. There was certain content that helped add new subscribers, including the second season of “Squid Game,” which set a premiere record for Netflix with 68 million viewers in its first week.

The Jake Paul vs. Mike Tyson fight may have been a farce, but it set a record for the most broadcast sporting event in history. The two NFL playoff games broadcast on Christmas Day were the most-streamed games in NFL history. And Netflix sees the good times continuing. Partly due to higher prices, Netflix expects revenue of $10.4 billion for the current quarter, which represents an 11.2% year-over-year increase. Estimated net income for the first quarter of 2025 is $2.44 billion.

Throughout 2025, Netflix has raised its revenue guidance (something every stock analyst loves to hear) to a range of $43.5 billion to $44.5 billion. This is half a billion higher than previous estimates. Some of the most popular shows will return to the streaming platform in 2025. These titles include “Squid Game,” “Wednesday,” and “Stranger Things.”

Wall Street liked the report and Netflix shares rose $125.12 after hours, or 14.4%, to close at $994.80.