From CNBC:

Netflix is set to report its fourth-quarter earnings, with a surprising 8% increase in revenue and growth in paid memberships last quarter. Wall Street expects earnings of $2.22 per share, revenue of $8.71 billion, and total memberships of 256 million. Additionally, Netflix plans to stream WWE Raw next year, its biggest step into live entertainment.

The company’s focus has shifted to profit, utilizing price hikes, password crackdowns, and ad-supported tiers to boost revenue. Netflix’s president of advertising reported over 23 million global monthly active users, up from 15 million in November, showing growth in its advertising-based plan. The company has also implemented new price hikes as part of its strategy to boost profit and address higher production costs.

It has been less than a year since Netflix initiated its password crackdown, and the impact on the company’s results remains unclear. Additionally, the streaming platform is working to address the challenges posed by higher production costs due to the Covid pandemic and dual Hollywood labor strikes in mid-2023.



Read more: Netflix (NFLX) earnings Q4 2023