Netflix announced financial results, CEO resigns. There is also a curiosity about Poland

Reed Hastings has announced that he is stepping down as president of the company. He was replaced by Greg Peters, the former Netflix COO, and Ted Sarandos, and Hastings joined the board of directors. At the same time, the website presented its financial results for the fourth quarter of 2022.

Netflix gains new subscribers. An interesting fact about Poland

The number of subscribers in the last quarter grew by 7.66 million to 230.75 million. This is well above the company’s forecast of 4.5 million new subscribers, and close to the Q4 2021 growth of 8.3 million new subscribers. About half of new customers come from Europe, the Middle East and Africa.

A curiosity about Poland in the company’s report was pointed out by Michał Krajczewski, head of the Investment Advisory Team at BM BNP Paribas. “An interesting fact from today’s Netflix results – they give a 2 percent share in TV audience in Poland” – wrote the expert.

In turn, Netflix revenue in the fourth quarter of 2022 amounted to USD 7.85 billion. This is an increase of 1.9 percent. Every year. The company reported a net profit of $55 million. This is significantly less than the $607 million profit from the fourth quarter of 2021.

Netflix has introduced a new account sharing policy

– 150 employees lost their jobs in May, and another 300 in June. This was the result of cost cutting, as the company lost 200,000 in the first quarter of 2022. subscribers. The drop in the number of Netflix subscribers was the first such situation in 10 years.

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Netflix has emphasized that the problem is account sharing, which is why . In Poland – unlike in several other countries – sharing will not involve additional fees. However, the website will require verification from us.