Netflix Adds More Than 7 Million Subscribers in Q4, Smashing Previous Target

Netflix reported its fourth-quarter 2022 earnings Thursday, revealing financial performance for the three-month period during which the platform’s cheaper,

ad-supported plan launched and Tim Burton’s “Wednesday” regularly dominated the weekly Top 10 rankings. The streamer added 7.66 million net new subscribers in Q4,

compared to its own estimation of 4.5 million additions, to end 2022 with 230.75 million worldwide, smashing their previous target of 227.59 million.More from VarietyNetflix's

'The Decameron' Period Soap Starts Production at Rome's Cinecittà Studios (EXCLUSIVE)'All Quiet on the Western Front' Director 'Speechless and Overwhelmed' By Historic BAFTA

NominationsNetflix Snaps Up S4C Welsh-Language Drama 'Rough Cut' - Global Bulletin In a letter to shareholders Thursday, Netflix wrote: “2022 was a tough year, with a

bumpy start but a brighter finish. We believe we have a clear path to reaccelerate our revenue growth: continuing to improve all aspects of Netflix, launching paid sharing and

building our ads offering. As always, our north stars remain pleasing our members and building even greater profitability over time.” Click here to sign up

for Variety’s free Strictly Business newsletter covering earnings, financial news, and more. Netflix reported 2.41 million net new paid subscribers in Q3, including a

gain of 100,000 in the U.S./Canada region, to stand at 223.1 million worldwide as of the end of September. At that time, it advised to investors not to expect a “material” lift in

subscriber growth from the ad-plan launch in Q4’s results.