Categories AlphaGraphs, Earnings, Technology

NFLX Earnings: Netflix Q4 2023 profit rises on higher revenues

Streaming giant Netflix, Inc. (NASDAQ: NFLX) Tuesday reported an increase in fourth-quarter revenue and earnings. The top line also exceeded analysts’ estimates.

Netflix Q4 2023 earnings infographic

Net income came in at $938 million or $2.11 per share in Q4, compared to $55 million or $0.12 per share in the corresponding period of 2022. Earnings missed the market’s projection.

The bottom line benefitted from a 12.5% increase in fourth-quarter revenues to $8.83 billion. Analysts had forecast a slower growth. The company had a total of 260.28 million paid members at the end of the quarter, up 13% year-over-year.

Prior Performance

  • Netflix Q4 2022 earnings infographic

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