Netflix Shares Surge On Q4 Gains, Hits Record 300 Million Subscribers

Benzinga

Shares of Netflix surged over 14% Tuesday after reporting fourth-quarter earnings that surpassed analyst expectations. The streaming giant exceeded analyst expectations for earnings per share and revenue, reporting higher-than-forecasted results. Paid memberships reached a record, exceeding 300 million. Netflix highlighted its fourth-quarter success with popular releases like "Squid Game" season 2 and high-profile live events, including the Jake Paul-Mike Tyson fight and NFL Christmas Day games. Netflix will replace quarterly subscriber counts with bi-annual engagement reports starting this year.

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00:00It's Benzinga bringing Wall Street to mainstream.

00:02Shares of Netflix surged over 14% Tuesday after reporting fourth quarter earnings that surpassed

00:08analysts' expectations. The streaming giant exceeded analysts' expectations for earnings

00:14per share and revenue, reported higher than forecasted results. Paid memberships

00:20reached a record exceeding $300 million. Netflix highlighted its fourth quarter success

00:26with popular releases like Squid Game Season 2 and high-profile live events including the

00:32Jake Paul-Mike Tyson fight and NFL Christmas Day games. Netflix will replace quarterly

00:38subscriber counts with bi-annual engagement reports starting this year.

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