Netflix Adds 13 Million Subscribers Even as Consumers Cut Back on Streaming

Netflix is strengthening its hold on the streaming category, gaining subscribers despite an industry-wide trend of many consumers canceling their media memberships.The company reported in a letter to shareholders Tuesday (Jan. 23) accompanying its fourth-quarter 2023 earnings results that its global paid membership base grew by 12.8% year over year in the quarter, amounting to 13.1 million new subscribers.In a livestreamed interview following the report, Netflix co-CEO Ted Sarandos noted that maintaining th ...