Netflix Releases Q4 Numbers, Shows Increase in Streaming

January 24, 2024
Image

… no one can compete with its technology platform, programming, and global distribution.

CFRA Research analyst Kenneth Leon regarding Netflix and how it compares to other streaming and cable-TV platforms.

Why It Matters: Netflix released their fourth-quarter numbers on Tuesday, showing that the company remains the top streamer in the world with three consecutive quarters of growth. In 2023, Netflix announced a crackdown on password sharing and an increase in certain subscription costs, causing many to question whether the move would hurt or help the company. The recent numbers, however, show that Netflix gained almost 30 million subscribers last year – a stark increase compared to 2022 when they gained a total of 8.9 million subscribers.

Read More:

Netflix’s gains 13M new global 4Q subscribers as it unwraps its best-ever holiday season results (The Associated Press)

Netflix to Stream W.W.E.’s ‘Raw’ in $5 Billion Deal (The New York Times)

Netflix Earnings: Stock Soars Toward 2-Year High As Subscribers Surge (Forbes)

by Emily Hooker, based in Texas

ImageImageImageImage