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Netflix Gains Subscribers Despite Price Hikes

San Francisco — Netflix added 13 million subscribers in the final three months of last year, the company said on Tuesday, despite price hikes at the leading streaming service.

Netflix finished 2023 with slightly more than 260 million subscribers worldwide, with a profit of $938 million in the final quarter versus just $55 million in the same period a year earlier.

“We believe there is plenty of room for growth ahead as streaming expands,” the U.S. company said in an earnings letter.

Netflix shares were up more than 8% to $532.75 in after-market trades that followed the release of the earnings figures.

“Netflix sticks out details ⇒

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