Netflix Earnings: Revenue and Profit Rise as Subscriptions Top 325 Million

Netflix

NFLX

decrease; red down pointing triangle on Tuesday reported strong fourth-quarter results, shortly after sweetening its $72 billion deal for Warner Bros. Discovery’s

WBD 1.03%

increase; green up pointing triangle studios and the HBO Max streaming service.

Netflix increased revenue and profit from the prior-year quarter and beat analyst forecasts, with popular series such as the final season of “Stranger Things” boosting viewership. The company attributed its growth to increases in subscribers, prices and advertising revenue.