In its latest earnings report, Netflix added an impressive 18.9 million subscribers in the holiday quarter, surpassing Wall Street projections thanks to key programming like live sporting events and the much-anticipated return of 'Squid Game'. The company plans to raise prices for its service in various regions while aiming to further enhance its programming. Netflix's quarterly revenue rose by 16% to $10.2 billion, and its operational income exceeded $10 billion for the first time. Moving forward, Netflix will transition away from reporting subscriber metrics, instead focusing on profitability and revenue growth.
Netflix reported a record 18.9 million new subscribers during the holiday season, significantly outpacing Wall Street's expectations, driven by live events and returning hits.
The company will increase pricing for most plans amid continued investment in programming, despite the strong subscriber growth, indicating a shift in strategy.
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