We recently compiled a list of the These 10 Companies Led Gains on Wednesday. In this article, we are going to take a look at where Netflix, Inc. (NASDAQ:NFLX) stands against the other stocks.
Wall Street’s main indices ended firmer on Wednesday as share prices remained boosted by positive catalysts from President Donald Trump’s inauguration coupled with better-than-expected earnings performance.
The Dow rose by 0.30 percent, the S&P 500 grew 0.61 percent, while the Nasdaq Composite increased 1.28 percent.
Meanwhile, 10 companies under mixed sectors mirrored Wall Street’s gains. In this article, we will look at which companies led the rally and explore the reasons behind their impressive performance.
To come up with Wednesday’s top gainers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.
A home theater with family members enjoying streaming content together.
Netflix, Inc. (NASDAQ:NFLX)
Netflix, Inc. saw its share prices on Wednesday jump by 9.69 percent to finish at $953.99 each fueled by news that it grew its customer base by 18.9 million in the fourth quarter of 2024 alone, beating analysts’ expectations of 9.2 million.
As of this writing, Netflix’s customer base was already at 301.6 million.
The actual figure was markedly higher than the 13.1 million increase posted year-on-year.
According to Netflix, Inc., the jump in its customer base can be owed to its biggest investment in sports, as well as the release of Squid Game 2, signaling that the company still had growth potential.
Meanwhile, Netflix, Inc. also crossed the $10-billion mark for the first time, ending at $10.2 billion, beating analyst projections.
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This article is originally published at Insider Monkey.