Netflix soars as earnings highlight dominance in 'streaming wars'
Wednesday, 24 January 2024 Netflix witnessed a 10% surge on Wednesday, fueled by robust subscriber growth that solidified investor confidence in the company's triumph in the streaming wars. The boost was attributed to Netflix's crackdown on password-sharing and a compelling content lineup. If premarket gains are sustained, the streaming pioneer is poised to increase its market value by approximately $20 billion, given its share price of $542 before the market opening.
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Netflix Subscribers and Revenue , Surge Beyond Estimates.
On Jan. 23, Netflix said that it added
13.12 million subscribers in Q4 2023.
It had only anticipated to get
about 9 million, Yahoo Finance..
Credit: Wibbitz Top Stories Duration: 01:32Published
Wednesday, 24 January 2024
![Netflix Subscribers and Revenue Surge Beyond Estimates [Video]](https://video.newsserve.net/300/v/20240124/1364164856-Netflix-Subscribers-and-Revenue-Surge-Beyond-Estimates.jpg)
