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.

Good morning. Netflix posts its biggest ever quarterly subscriber gain. Donald Trump is set to announce a mammoth AI investment. And champagne shipments for 2024 aren’t anything to toast. Listen to the day’s top stories.

Netflix had two major live sports hits in late 2024 that likely helped drive record revenues over the final three months of the year.

In a historic quarter, Netflix welcomed nearly 19 million new subscribers, fueled by the return of 'Squid Game' and major live sporting events. As the company embraces ad-supported models, its strategic mix of programming and live content is reshaping the streaming landscape.