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Netflix reported fourth-quarter revenue of $7.85 billion and added more than 3 million subscribers, more than expected.
Streaming service added 7.66 million subscribers StreetAccount’s estimates put it well above the 4.57 million expected during the quarter. Netflix also launched low-cost, ad-supported plans in November.
Netflix New sports and fitness content It could be a draw for new customers in the future.
- Earlier this month, Netflix released the first five episodes of the new .breakpointA series chronicling the 2022 season of professional tennis.
- Netflix is also developing a PGA Tour golf series and a Tour de France documentary series.
- In May 2022, “drive to survive” with Formula 1 for the 2022 and 2023 seasons.
- Last month, the platform partnered with Nike Fitness Club to add fitness classes to its library. Netflix will release a total of 90 workouts.
Netflix to end with 231 million paid memberships in 2022 $32 billion in earnings. First quarter sales he expects to grow 4%.
Not ready to go live
Netflix’s sports content is growing, but the company has yet to succeed. live sports.
“we Can’t see revenue stream Netflix co-CEO Ted Sarandos added last month that Netflix isn’t “anti-sport”, just “profit-promoting”.
Netflix announced Thursday that founder Reed Hastings has stepped down as co-CEO and is now chairman.
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