Netflix had its biggest quarter ever of new subscribers

Core Insights - The number of new Netflix subscribers increased significantly in the fourth quarter, adding 19 million new paid users, marking the largest quarterly net additions in the company's history [1][3] - Quarterly revenue reached $10.2 billion, reflecting a 16% increase compared to the previous year, surpassing analysts' expectations of $10.11 billion [1][2] Subscriber Growth - Netflix's subscriber growth was driven by efforts to crack down on password sharing, which led to an influx of new subscribers [2] - The company gained 13 million paying viewers in the same quarter of the previous year, indicating a substantial year-over-year growth [1] Market Reaction - Following the announcement, Netflix shares rose as much as 11% in after-hours trading, reflecting positive investor sentiment [2] Future Reporting Changes - Netflix will cease reporting quarterly subscriber numbers starting in 2025, which may impact how the market evaluates its growth moving forward [2][3] Content Performance - The release of season two of "Squid Game" contributed to the subscriber growth, breaking the record for premiere week viewership [2]