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Netflix Blows Past Q4 Subscriber Targets, Topping 260M
Netflix added a far-better-than-expected 13 million subscribers to reach 260.3 million globally as of the end of 2023. The company missed earnings per share forecasts and barely edged Wall Street e…
The company missed earnings per share forecasts and barely edged Wall Street expectations for total revenue as it faced tricky comparisons with the year-ago quarter and continued impact from a recent price increase. College and NFL football were Netflix’s main competition in the period, and the fourth quarter also saw the releases of popular original films like Leo and Leave the World Behind as well as third-party titles like No Hard Feelings and Spider-Man: Across the Spiderverse. The former longtime Universal exec built Netflix’s original effort after joining the company in 2017, but the elevation of Bela Bajaria last year to Chief Content Officer put a management layer between Stuber and Co-CEO Ted Sarandos.
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