Netflix had a remarkable comeback in the later part of 2022, as they gained 2.4 million subscribers in the third quarter, and a staggering 7.7 million in the fourth quarter. This growth came as a pleasant surprise and exceeded everyone's expectations, especially after facing setbacks throughout the year that led to a drop in subscribers and a hit to their reputation. The news skyrocketed the company’s shares up 13%. Despite a challenging first half, Netflix managed to end 2022 with a revenue of $31.6 billion. up 6% from the previous year's revenue of $29.6 billion. So in this video we will be analyzing
how Netflix manage to turn things around.
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