One thing Netflix NFLX 1.35% definitely has learned over its many years in show business is how to go out on a high note.

Netflix (NASDAQ:NFLX) stock remained steady at $869.68 as Raymond (NSE:RYMD) James upheld a Market Perform rating, reflecting a positive response to the company's strong fourth-quarter performance.

Analysts predicted live sports might power a Netflix subscriber beat. But as the company trounced the expectations, management said sports drove only a “small minority” of additions.

Revenue in the fourth quarter jumped 16% year-over-year, reaching $10.25 billion, higher than the $10.11 billion Wall Street had predicted.

Wall Street will closely watch the streamer's ad-supported subscriber numbers. Bitcoin hits a new high ahead of Trump's inauguration. TikTok restores U.S. service after going dark.

Netflix shares soared in premarket trading on Wednesday after the company reported a blockbuster holiday quarter as a robust content line-up and its entry into live sports streaming brought in a record number of new subscribers.

Netflix is raising prices in the US to $17.99 for its standard plan. The hike comes as the streamer crushed expectations for subscriber growth.

Netflix added 18.9 million subscribers in its holiday quarter, blowing past Wall Street's forecasts, with live sporting events and the return of its popular South Korean series "Squid Game" attracting a record number of new customers,

Live Updates Make sure to refresh this page periodically for updates. What Will Netflix Forecast in the First Quarter? 2:53 pm Below we previewed Netflix’s expected fourth-quarter earnings, but another ara to watch will be what the company forecasts next quarter.

In the US, the company's ad-supported service will cost $7.99 a month, up from $6.99, while the premium package will cost $24.99, up 9% from existing pricing.

Netflix stock (NFLX) surged, after the streaming service reported the highest-ever level of quarterly subscriber gains and said it plans to raise U.S. prices across the board. In recent premarket action,