Netflix reports Q4 revenue up 12.5% YoY to $8.83B, vs. $8.71B est., paid users up 12.8% to 260.3M, vs. 256M est., $938M net income, up from $55M; NFLX jumps 8%+
there. Janko Roettgers / @jank0@sfba.social : TIL that Netflix has a “Bridgerton wedding dress collection.” Janko Roettgers / @jank0@sfba.social : Netflix is “not interested in acquiring linear — assets. Janko Roettgers / @jank0@sfba.social : Ads are “not yet a primary driver of our overall revenue growth.” Janko Roettgers / @jank0@sfba.social : Make that 13.1M. It's “— our largest Q4 ever,” according to the just-released letter to investors. https://ir.netflix.net/... X: Sara Fischer / @sarafischer : .@Netflix stock jumps after adding more subscribers than expected — Better-than-expected subscriber adds suggest password crackdowns and ad tier working, price hikes not impacting growth — Company says it won't get into large-scale M&A of linear TV assets https://www.axios.com/... @thetranscript_ : Netflix beats on revs, misses on EPS CEO: “Our healthy top-line growth reflects the benefits of paid sharing, our recent price changes & the strength of our underlying business....Paid net additions totaled 13.1M in Q4'23 vs. 7.7M in Q4'22, our largest Q4 ever” $NFLX: +4.3% AH [image] Lucas Shaw / @lucas_shaw : Netflix says it hasn't changed its sports strategy. This is both true and not true. @thetranscript_ : $NFLX: “Entertainment has always been a fast-changing industry...As our competitors adjust to these changes, it's logical to expect further consolidation, particularly among companies with large and declining linear networks. We're not interested in acquiring linear assets” [image] Todd Spangler / @xpangler : Sarandos says WWE deal “fits within” Netflix's anticipated $17B content spending in '24. “I would not look at this as a signal to any other change, or a change to our sports strategy,” calling WWE “sports entertainment” vs. conventional sports https://variety.com/... Lucas Shaw / @lucas_shaw : Remember when Disney/Apple/Paramount/HBO/Comcast were going to kill Netflix? @tvgrimreaper : Q4 “content drought” didn't slow subscriber acquisition, but they didn't quite make the profit that Wall St was expecting. @richlightshed : Note the very careful wording by @netflix $NFLX “games, live and sports-adjacent programming” they did NOT say “sports” for everyone writing that Netflix is now in the sports licensing game Peter Kafka / @pkafka : Netflix told Wall Street it thought it would add 8-9 million subscribers last quarter. It added 13 million - its best ever q-4 LinkedIn: Sarah Whitten : Shares of Netflix jumped in extended trading Tuesday after the company reported adding 13.1 million subscribers during the fourth quarter … See also Mediagazer