Netflix today announced its earnings for the fourth quarter of 2022, and the streaming giant said it ended the year with 221.84 million paid subscribers worldwide. That’s an increase of 8.28 million from the third quarter and 8.9% year-over-year.
Leading the way, the company said, is the return of original content like Season 2 of the witcher, with 484 million hours viewed in the first 28 days, and You, with 468 million hours viewed. squid game, which premiered late in the third quarter, is now the biggest TV season on Netflix with 1.65 billion hours in the first four weeks. And the Spanish import money theft (known as Money theft in the United States), has entered its final season and now has over 6.7 billion hours viewed.
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And that’s just the traditional series side of things. On the cinema side, the fourth quarter saw the premiere of red notice, with 364 million hours viewed in the first 28 days.
“Even in a world of uncertainty and increasing competition, we are optimistic about our long-term growth prospects as streaming supplants linear entertainment globally,” Netflix wrote in its statement. letter to shareholders. “We are continually improving Netflix so that we can appeal to our members, increase our share of free time, and lead this transition.”
Netflix predicts a slowdown in paid additions in Q1 2022, mainly because more content lands in March compared to January, with Season 2 of Bridgerton and The Adam Project open the way. Netflix also noted that acquisition growth has not returned to pre-COVID levels. “We believe this may be due to multiple factors,” Netflix wrote, “including the current COVID overhang and macroeconomic challenges in multiple parts of the world such as [Latin America].”
Financially, Netflix ended the quarter with $6.02 billion in cash and another $2 billion in other assets.