Netflix Packs on More Than 13 Million Subscribers in Q4, Well Above Expectations
variety.comTodd Spangler NY Digital Editor Netflix extended its lead as the world’s biggest premium video-streaming platform — gaining a better-than-expected 13.1 million subscribers for the fourth quarter of 2023.
The company’s Q4 revenue came in slightly over Wall Street forecasts, while net income fell short. As of the end of 2023, Netflix counted 260.28 million total members globally.
On average, analysts expected the company to report about 8.8 million net new subs for the period. Wall Street expected earnings per share of $2.22 on revenue of $8.71 billion, according to financial data provider LSEG (formerly known as Refinitiv).
The Q4 earnings report comes after Netflix announced a blockbuster 10-year deal for WWE’s “Monday Night Raw” earlier in the day — the streamer’s biggest bet to date in live sports.
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