Netflix Surpasses Expectations in Q4 with $8.83B Revenue and 13.12M New Subscribers 🎉

Netflix reported fourth-quarter earnings that beat analyst estimates for both revenue and subscriber additions. Revenue was $8.83 billion, beating estimates of $8.71 billion and up 12.5% year-over-year. Netflix gained 13.12 million new subscribers in 2023, exceeding the projected 9 million and resulting in a total of 30 million net additions. Average revenue per member was up 1% year-over-year to $9.99, in line with Netflix's expectations. Operating margins were 16.9% for the fourth quarter and 21% for full year 2023, ahead of the company's 20% target.