Netflix Hits Subscriber Record, Fueled By ‘The Crown’

USA – In a standout fourth quarter, Netflix exceeded Wall Street expectations by adding a record-breaking 13.1 million subscribers, driven by hits like “The Crown” and “The Killer.”

Reporting a revenue of $8.8 billion, surpassing forecasts, Netflix says it anticipates robust double-digit growth in 2024 and attributes its success to compelling intellectual properties, diverse content, and expansion into areas like gaming.

With a total of 260 million subscribers, the streaming giant’s stock soared by 8.3% in after-hours trading, marking a 65% gain in 2023.