Netflix’s Stellar Year in Gaming Following GTA Launch

Netflix Surpasses Expectations with Record Revenue and Subscriber Growth

Netflix has started the year on a high note, as its latest earnings report reveals impressive growth in both revenue and paid subscribers. In the fourth quarter of its financial year, the streaming giant added over 13 million paid subscribers, surpassing both Wall Street’s and its own expectations. Netflix reported a revenue rise of 12.5% compared to the same quarter in 2022, reaching $8.83 billion. Additionally, the company’s net income for Q4 soared to $938 million, up from $55 million in the same period the previous year.