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Netflix blows past Q4 subscriber targets, topping 260 million global subscribers
Posted on 1/23/24 at 3:12 pm
Posted on 1/23/24 at 3:12 pm
It expected to add eight or nine million subscribers in the final quarter but instead added a robust 13 million. However, it did miss earnings per share forecasts and barely beat expectations for total revenue earnings.
Deadline
Deadline
This post was edited on 1/23/24 at 3:13 pm
9
Posted on 1/23/24 at 3:15 pm to RollTide1987
Impressive
Posted on 1/23/24 at 3:18 pm to RollTide1987
It’s interesting that it exceeded sub numbers but that didn’t really translate to higher than expected revenue. In fact it was less.
Guessing it was lower priced countries
Guessing it was lower priced countries
Posted on 1/23/24 at 4:13 pm to RollTide1987
Price increase incoming
Posted on 1/23/24 at 7:20 pm to RollTide1987
This comes from the push for people to buy sub accounts for the people they’ve been sharing passwords with for years.
Posted on 1/23/24 at 7:21 pm to RollTide1987
So, Netflix won the streaming war I see.
Posted on 1/23/24 at 8:05 pm to RollTide1987
The people that said “I’ll never watch Netflix again!!” when they cracked down on password sharing didn’t last long. They probably went a month without it then signed back up “just for one month” and never cancelled. They knew what they were doing. Millennials and Gen Z are fricking weak as frick when it comes to actually boycotting shite
Posted on 1/24/24 at 8:37 am to RollTide1987
quote:
However, it did miss earnings per share forecasts and barely beat expectations for total revenue earnings.
Seems like the bigger headline. Stock is up 11% though today on news.
Posted on 1/24/24 at 10:05 am to RollTide1987
This was another company people said “go woke, go broke” about proving yet again that there is pretty much nothing better for your earnings than to have the internet start saying that about you. Even Anheuser-Busch stock is pretty much back to where it was before the fake controversy.
Posted on 1/24/24 at 11:38 pm to RollTide1987
quote:
However, it did miss earnings per share forecasts and barely beat expectations for total revenue earnings.
That should have been the headline.
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