Netflix adds record 13.1M subscribers in Q4, pushing shares up
Streaming service giant Netflix announced Tuesday its subscription data for the last quarter of 2023, posting the largest-ever-fourth-quarter subscriber...
Source: dailysabah.com
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netflix subscriber: Netflix hits fourth-quarter subscriber record, fueled by 'The Crown' and 'The Killer'
Netflix exceeds subscriber estimates, adding 13.1 million subscribers in Q4 2023, driven by shows like The Crown and David Fincher's film. The total number of subscribers is now 260 million. The stock gained 65% in 2023. Bank of America media analyst Jessica Reif Ehrlich said Netflix has won the 'streaming wars'. Revenue rose to $8.8 billion in the quarter. Netflix expects double-digit revenue growth in 2024 and plans to invest in advertising and games. It also secured a $5 billion deal with WWE for exclusive programming.
Source: indiatimes.com