Netflix posts best subscriber growth since pandemic

January 24, 2024 - Netflix sign-ups boomed at the end of 2023, fuelled by a crackdown on household password-sharing. A record 13.1 million new subscribers joined up in the last three months of the year.

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Netflix saw 13.1 million subscriber sign-ups in the final three months of 2023 – its best quarter of growth since viewers were locked down during the Covid-19 pandemic.

It's Q4 2023 growth spurt exceeded Wall Street’s estimation of 8.9 million, beating projections in every one of its territories around the world.

Shares in Netflix rose almost 9% on the news, rising in value to $535.91 per share.