analyst expected Netflix toreport its ho-hum quarterly revenue growth everin its 20 years as a in public traded company , and the company did n’t disappoint . Revenue was $ 7.85 billion in Q4 , down from 7.92 billion last October . It ’s only a 1.9 % growth year over year , despite shows like Wednesday and motion picture like Glass Onion : a Knives Out Mystery becoming some of the platform ’s most - watched substance ever .
And now , the political platform ’s thought leader and co - CEO Reed Hastings announced he’svacating his executive position . Despite that word , the stream giant is maintain the class it define for itself in Spring .
Netflix ’s main scheme for calming investor ’ concern was two - tiered . One , was the mentioned $ 6.99 ad - supported subscription tieradded in November last year . Two , Netflix said it would crack down on countersign sharing . It ’s beenmoving in that directionfor months now and has already test its anti - password share-out systems in several Central American countries .
Netflix CEO Reed Hastings speaking at 2016’s CES trade show in Las Vegas.Photo:Ethan Miller(Getty Images)
The troupe exact it ’s still in its early twenty-four hours , and that it needs to get better at ad targeting , though it also pronounce that the crushed price was drive “ incremental rank growth . ”
Netflix is now calling their anti - password sharing plan “ paid sharing , ” which it said would be released sometime in its first quartern this yr . exploiter will now have to pay additional to divvy up their account with people they do n’t know with , though the caller open no hint on how much that could cost . The stream chopine also claimed users will still be capable to look on while traveling , whether it ’s on television or mobile devices , but otherwise there ’s no more news about how this whole program will ferment .
irrespective of all the turbulence though , the company is apparently in beneficial enough shape to offer a pay ofup to $ 385,000for a private flight of steps meeter on one of its company ’s cat valium . Netflixis advertisinga line of work posting for such a role on its website , and advertisinga suspiciously widesalary reach between $ 60,000 and $ 385,000 .
CaliforniaE - commerceNetflixReed Hastings
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