Netflix finds right formula as its subscriptions surge

Netflix registered its third-consecutive quarter of accelerating subscriber growth in the final three months of 2023, closing out a comeback year that included a crackdown on viewers freeloading on the video-streaming service and a smattering of price hikes.

- By Michael Liedtke

Netflix added 13.1 million worldwide subscribers from October to December. The holiday season gains are the biggest Netflix has ever posted in the fourth quarter.

The fourth-quarter results announced Tuesday provided evidence Netflix was able to come up with a formula that produced a spike in subscribers even as it became more expensive to watch its lineup of TV shows and movies.