Netflix’s surge in subscribers boosted 2023 Q4 revenue to $8.83bn
<img width="250" height="167" src="https://www.leaprate.com/wp-content/uploads/2024/01/FIN-LP-Netflixs-surge-in-subscribers-boosted-2023-Q4-revenue-to-8.83bn-5920677204-iStock-1065121660-250×167.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2024/01/FIN-LP-Netflixs-surge-in-subscribers-boosted-2023-Q4-revenue-to-8.83bn-5920677204-iStock-1065121660-250×167.jpg 250w, https://www.leaprate.com/wp-content/uploads/2024/01/FIN-LP-Netflixs-surge-in-subscribers-boosted-2023-Q4-revenue-to-8.83bn-5920677204-iStock-1065121660-700×467.jpg 700w, https://www.leaprate.com/wp-content/uploads/2024/01/FIN-LP-Netflixs-surge-in-subscribers-boosted-2023-Q4-revenue-to-8.83bn-5920677204-iStock-1065121660-768×513.jpg 768w, https://www.leaprate.com/wp-content/uploads/2024/01/FIN-LP-Netflixs-surge-in-subscribers-boosted-2023-Q4-revenue-to-8.83bn-5920677204-iStock-1065121660-120×80.jpg 120w, https://www.leaprate.com/wp-content/uploads/2024/01/FIN-LP-Netflixs-surge-in-subscribers-boosted-2023-Q4-revenue-to-8.83bn-5920677204-iStock-1065121660-245×164.jpg 245w, https://www.leaprate.com/wp-content/uploads/2024/01/FIN-LP-Netflixs-surge-in-subscribers-boosted-2023-Q4-revenue-to-8.83bn-5920677204-iStock-1065121660-500×334.jpg 500w, https://www.leaprate.com/wp-content/uploads/2024/01/FIN-LP-Netflixs-surge-in-subscribers-boosted-2023-Q4-revenue-to-8.83bn-5920677204-iStock-1065121660.jpg 1254w" sizes="(max-width: 250px) 100vw, 250px" /><p><span data-contrast="auto">In 2022, the company forecasted a 9 million subscriber gain, which would bring approximately 30 million net additions for the full year. NFLX’s revenue reports surpassed Wall Street’s prediction of $8.71bn, instead showing a quarterly revenue of $8.83bn, a 12.5% increase compared to the same period in 2022.</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></p>
<p><span data-contrast="auto">The streaming giant sent waves through the film and TV world last year when it announced a crackdown on password sharing, increased ad-supported revenue and price hikes on specific subscription tiers. <a href="https://www.leaprate.com/forex/institutional/netflix-expands-internationally/" target="_blank" rel="noopener">NFLX</a> expects its Q1 revenue for this year to reach $9.24bn, aligning closely with its previous expectations announced in 2023 of $9.28bn.</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></p>
<hr />
<p><a href="https://finaffiliates.us20.list-manage.com/subscribe/post?u=e0dd4d77c259eb270712a4eeb&id=fd200b8f75&v_id=4291&f_id=00946ce6f0" target="_blank" rel="noreferrer noopener"><span lang="EN-GB" xml:lang="EN-GB" data-contrast="none"><span data-ccp-char>Don’t miss out the latest news, subscribe to </span><span data-ccp-char>LeapRate’s</span><span data-ccp-char> newsletter</span></span></a></p>
<hr />
<p><span data-contrast="auto">Earnings per share (EPS) fell short of estimates at $2.11, below the predicted Q4 figure of $2.20, while the EPS estimates for 2022 sat at a less-than-poor $0.12. That being said, the platform anticipates its Q1 of 2024 EPS to be $4.49, a $0.40 increase from its original $4.09 estimate.</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></p>
<p><span data-contrast="auto">Despite challenges from competitors, password sharing and a decrease in streaming usage due to a year of typical working hours (streaming usage during the pandemic increased by 37%, according to Screen Rant), NFLX remains strong in the market. Its new 10-year partnership with WWE is thought to contribute to its continued popularity, with the deal valued at over $5bn.</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></p>
<p>The post <a rel="nofollow" href="https://www.leaprate.com/news/netflixs-surge-in-subscribers-boosted-2023-q4-revenue-to-8-83bn/">Netflix’s surge in subscribers boosted 2023 Q4 revenue to $8.83bn</a> appeared first on <a rel="nofollow" href="https://www.leaprate.com">LeapRate</a>.</p>
Leave a Comment