05:10 AM EST, 01/22/2025 (MT Newswires) -- (Updates with the stock move in headline, first paragraph.)

Netflix ( NFLX ) shares were up more than 14% in premarket activity on Wednesday after the company overnight reported a year-over-year jump in Q4 earnings and sales and above-consensus Q1 guidance.

The company reported Q4 earnings late Tuesday of $4.27 per diluted share, up from $2.11 a year earlier.

Analysts polled by FactSet expected $4.21.

Revenue for the quarter ended Dec. 31 was $10.25 billion, up from $8.83 billion a year earlier.

Analysts surveyed by FactSet expected $10.11 billion.

The company expects Q1 diluted EPS of $5.58 on revenue of $10.42 billion.

Analysts polled by FactSet expect EPS of $5.97 on revenue of $10.49 billion.