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Broadcasting & Cable
Broadcasting & Cable
Business
Daniel Frankel

Netflix Smashes Expectations on Subscriber and Revenue Growth in Q4, Swears It Won't Buy a Hollywood Conglomerate

Netflix.

Netflix culminated 2023 with a blowout quarter, significantly surpassing analysts' expectations by adding more than 13.1 million subscribers and growing revenue by 12.5% to $8.833 billion. 

The world's top streaming company put more distance between it and everyone else with its second biggest subscriber quarter ever, exceeding 260 million paid members worldwide. It did fall short on expectations for net income, however, coming in with $938 million for the fourth quarter. 

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