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Netflix set to surge as streamer adds more subscribers than expected

Netflix Inc (NASDAQ:NFLX) shares are heading for a near-9% gain on Wednesday after the video streamer’s fourth-quarter growth in subscribers and revenues exceeded expectations, with a bullish outlook for 2024. Revenue of 8.83billiontoppedWallStreetanalystexpectationsof8.83 billion topped Wall Street analyst expectations of 8.72 billion. This year-over-year growth of 13.2% was attributed to Netflix’s paid-sharing model, recent price changes, and its strong content slate. Earnings per share (EPS) of 2.11,however,missedexpectationsof2.11, however, missed expectations of 2.20 and includ ...