Netflix’s total number of subscribers exceeded 230 million as of the end of last year, as the number of subscribers increased by 7.66 million in the fourth quarter of last year. According to Reuters, Netflix released a statement on the 19th (local time) and released its Q4 2022 results. This exceeded Wall Street estimates (4.57 million new subscribers). Netflix explained that the number of subscribers increased as the drama “Wednesday,” the movie “Knives Out: Glass Onion” and the documentary “Harry and Meghan” of Prince Harry and his wife became popular. Wednesday ranked third in the most-watched TV series, following “Squid Game” and “Stranger Things Season 4.”Revenue rose 19% year-on-year to $7.85 billion in the fourth quarter of last year, exceeding market expectations. However, net income was $55 million and earnings per share were 12 cents, down sharply from a year ago (net income of $670 million and earnings per share of $1.33). The company did not provide a figure on whether the affordable ad plan, which was launched in November last year, contributed to the performance. Shares are going up thanks to today’s good performance!! GazaMeanwhile, CEO Reed Hastings, who founded Netflix, stepped down from the management front for the first time in 25 years after the earnings announcement.I read his book, “No Rules,” and his firm philosophy of relentlessly caring for employees was unique from his start-up. It’s interesting that if you always pay the industry’s best salary and let me know the amount if you receive an offer from somewhere else, you will pay a higher salary, manage it so that you don’t leave the core workforce, and while abusing the rules without rules, you will have to do it without hesitationNo Rules Author Reed Hastings Publishing RH Korea Release 2020.09.08.#Netflix #4Q earnings #230 million #WendDay #KnivesOut #NoRules
