Netflix’s stock price skyrocketed after the company reported an impressive 18.9 million paid net additions in the fourth quarter, exceeding analyst expectations of 9.77 million. The unexpected surge comes as the company prepares to discontinue its subscriber metric, which has been a key indicator of its growth.
Management attributed sports content as a minor contributor to the addition of new subscribers, contradicting analysts’ predictions that live sports would power the surge. Instead, the company’s success can be attributed to the growing demand for its original content and other factors. The positive earnings results have sent shockwaves through the market, leaving investors eagerly awaiting further updates from Netflix.
Source: https://www.marketwatch.com/story/will-netflix-earnings-bring-a-subscriber-beat-it-may-all-come-down-to-one-factor-83acc2d3