Netflix Q4 Global Streaming Paid Memberships 260.28M, Up 12.8% YoY; Global Streaming Paid Net Additions 13.12M
Portfolio Pulse from Benzinga Newsdesk
Netflix reported a 12.8% year-over-year increase in global streaming paid memberships, reaching 260.28 million in Q4. The company also saw a significant rise in global streaming paid net additions, totaling 13.12 million.
January 23, 2024 | 9:03 pm
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Netflix's Q4 report shows robust growth in paid memberships and net additions, indicating a positive trend in subscriber acquisition and retention.
The reported increase in paid memberships and net additions is a strong indicator of Netflix's growth and market penetration. This positive news is likely to instill investor confidence and could lead to a short-term uptick in NFLX stock price as it reflects the company's ability to attract and retain subscribers in a competitive streaming market.
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