Netflix: business up, reaches 260 million subscribers
Operating income came to $1.49 billion, almost tripling compared with Q4 2022 ($550 million), while net income reached $938 million (vs. $55 million a year earlier).
Also in year-on-year comparison, the video streaming platform saw revenues reach $8.83 billion in Q4, up 12.5%, driven by a 12.8% increase in subscribers to 260 million.
For Q1 2024, Netflix anticipates EPS of $4.49, an operating margin of 26.2%, revenues of around $9.24 billion and net income of $1.97 billion.
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