How Many Global Netflix Subscribers Are There: Netflix Brings in 13.12 Million New Subscribers in Q4 of 2023

Streaming giant Netflix has added 13.12 million new subscribers in the fourth quarter of 2023.

How Many Global Netflix Subscribers Are There: Netflix Brings in 13.12 Million New Subscribers in Q4 of 2023

SUMMARY

  • The final three months of 2023 has become the best Q4 growth for Netflix.
  • It has added 13.12 million new subscribers in Q4 of 2023 and its total global subscribers stand at 260.28 million.
  • Prime Video and Disney+ comes in the next spots in terms of paid subscribers globally.
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Netflix, the biggest streaming service in the world is growing very quickly. In the massively expanding video streaming industry, Netflix is leading the way. Recently, the streaming giant has shown huge growth in terms of global paid subscribers. The dominant streamer has released its data from the final three months of 2023, which has become the best Q4 growth for the company.

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Netflix
Netflix

Market participants showed a positive response to the results after the report was released and shares soared up to 7% in New York after-hours trading. And amidst such growth, Netflix teased the coming of Squid Games Season 2 as the company aims to continue its momentum in 2024 as well.

Also Read: Netflix Makes a Big Leap With Its WWE Acquisition as Streamer Strikes a Billion-Dollar Deal For ‘Monday Night Raw’ 

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Netflix Adds 13.12 Million Subscribers in Q4 2023

On Tuesday in its latest earnings report, Netflix announced that the company has added 13.12 million new subscribers in the fourth quarter of 2023, which is much higher than its expectation. It’s the largest single-quarter growth that Netflix has seen this year. And with that, the total global paid subscribers of the streaming leader went up to 260.28 million. 

We enter 2024 with good momentum. We expect healthy double-digit revenue growth for the full year 2024 on a F/X neutral basis driven by continued membership growth as well as improvement in F/X neutral ARM as we adjust prices,” the company said in its letter to shareholders

Our aim is to make ads a more substantial revenue stream that contributes to sustained, healthy revenue growth in 2025 and beyond.”

Netflix | Photo: Unsplash
Netflix | Photo: Unsplash

Our healthy top line growth reflects the benefits of paid sharing, our recent price changes and the strength of our underlying business driven by a strong slate,” the company added in the letter. 

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Also Read: “I cannot, cannot do this”: Nicole Kidman Was Unable to Film 1 Disturbing Scene for Her Upcoming Prime Video Series Set in Hong Kong

Moreover, the report said that in the last three months of 2023, revenue came in at $8.8 billion, and net income stood at $937 million. For the 12 months, revenue grew to $33 billion, and net income was $5 billion.

Recently, as per Deadline, Netflix has successfully secured rights for the WWE’s Monday Night Raw under a 10-year deal worth over $5 billion. The streamer has also gained access to additional weekly shows like SmackDown and NXT.

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How Many Global Subscribers Do the Other Streaming Giants Have? 

While Netflix is definitely the leader in terms of global paid subscribers, its competitors are also not far behind. Interest in streaming services has been rapidly growing. People prefer enjoying movies, TV shows, and even music and games on streaming services. 

Amazon Prime Video, which is available in more than 200 countries boasts of having over 200 million global paid subscribers. In third place comes Disney+ with over 150.2 million subscribers. 

Prime Video on a laptop screen | Photo: Unsplash
Prime Video on a laptop screen | Photo: Unsplash

Not streaming at least for some time in a day is getting harder in today’s world. And this industry is quickly blooming. Reports project that the video streaming market is on track to surpass $1.9 trillion in value by 2030. 

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Other streaming services like Max, Paramount+, and Hulu stand next in the top 10 list with 95.1 million, 63.4 million, and 48.5 million respectively. 

Also Read: “I don’t know what Disney Plus is doing”: James Gunn is Not Happy After His Final MCU Movie Gets Ruined Because of a “Photoshop challenged graphist”

The growth in this industry is because of the convenience, affordability, and wide variety of content, giving viewers more choice.

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Prantik Prabal Roy

Written by Prantik Prabal Roy

Articles Published: 778

Prantik Prabal Roy is a content writer at FandomWire. With over three years of experience in content writing for various media houses, he takes great interest in telling stories about Hollywood celebrities and the world revolving around them. He has done his Master's in English literature and diploma course in journalism. Being a literature student, he has the ability to delve into the matter and analyse it thoroughly to give the readers a clear view on the specific topics.