This transition comes as Netflix appears to be recovering from a difficult 2022, during which it lost subscribers for the first time in over a decade. In its recently released fourth quarter earnings report, however, the company reported adding 7.66 million new customers, reaching a total of 230.75 million subscribers. This growth came at the expense of profit, as Netflix made just $55 million in net income, but it represents a marked turnaround from the first half of 2022.
