- Netflix emerged as the winner of the streaming wars this year.
- It’s forecasting billions of dollars in profit, and its stock is rocketing.
- From vast ad ambitions to zeitgeisty true crime fare, here are five of its biggest achievements.
The year 2024 has been one to remember for Netflix.
Crowned the winner of the streaming wars, the streamer solidified its already huge lead in subscribers — with more than 280 million paying users around the world as of the third quarter, generating billions of dollars in profit annually and sending its stock price soaring.
Meanwhile, Netflix continued to flex its first-mover advantage over cash-hungry rivals, who retrenched and returned to licensing their shows back to Netflix, which will likely fuel its continued dominance.
Netflix continues to put out hits that keep people watching and subscribing. Lately, it’s been leaning into popular fare like true crime and live events that have big advertiser — and water-cooler — appeal.
It’s continued to capitalize on its password-sharing crackdown and is ramping up ad tech and measurement deals to entice more advertisers to buy on the platform.
Netflix faces questions about how much more it can grow its audience without sacrificing profits, whether it can compete for ad dollars with the likes of Amazon’s Prime Video, and how it can capture younger viewers who grew up on YouTube.
But for now, here’s a look back at the biggest swings Netflix took this past year:
