Netflix subscribers surge in Q4 2022 post ad tier launch; co-founder Hastings steps down as CEO

Streaming giant Netflix has released its fourth-quarter result for 2022. Following the introduction of an ad-supported tier, this saw significant subscriber growth compared to Q3 2022, but a slight dip in revenue.

The company posted quarterly revenue of US$7.85 billion (A$11.35 billion), slightly outperforming the forecast but did not reverse its declining revenue trend. The quarter also saw Netflix posting a 7.66 million subscriber gain, outpacing any other periods in 2022.

[click to enlarge]: Netflix Q4 breakdown