By Connor Hart
Netflix will raise prices across its existing U.S. plans in an effort to capitalize on surging demand, after the streamer posted record subscriber gains in the fourth quarter. The company's ad-supported tier will cost $7.99 a month, while the cost of the premium tier is increasing to $24.99. It added 18.9 million new subscribers in the fourth quarter. Shares jump 14%, to $993.50, in after-hours trading.
United Airlines beat analyst expectations for adjusted earnings in the first quarter after posting higher revenue and profit in the fourth quarter. The carrier guided for adjusted per-share earnings between 75 cents and $1.25, ahead of the 53 cents analysts polled by FactSet anticipated. In the recent quarter, net income jumped to $985 million, as revenue increased to $14.7 billion. Shares rise 3.8%, to $114.70, in post-market trading.
Agilysys' profit sank in its third quarter, as sales challenges dragged down the company's 2025 outlook. The hospitality-software company's profit fell to $3.8 million for its three months ended Dec. 31. It lowered its fiscal-year 2025 revenue outlook to $273 million, down from a previous range of $275 million to $280 million. Shares fall 21%, to $99.29, in after-hours trading.
ZW Data Action Technologies disclosed two stock-purchase agreements that will raise a combined $500,000. The company, which offers online-advertising, precision-marketing and data-analytics services, said Eternity Star Development will purchase 119,100 shares of its common stock for $2.10 apiece. Separately, Chaucer Investment & Consulting will purchase an additional 119,100 shares of its common stock, also for $2.10 each. Shares gain 20%, to $2.05, in post-market trading.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
January 21, 2025 18:53 ET (23:53 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.