Despite a YoY decrease of 90.9% for Q4 2022 net profit, that does not stop Netflix ( $Netflix (NFLX.US)$ ) share price from dropping. Instead, it surged 7% after the earnings result announced on 19 Jan 2023.
There could be a few reasons behind the share price increase, such as the following ones:
1. The number of paid subscribers has increased by 4% YoY to 230.75M memberships.
2. Reveue has also increased by 1.9% YoY to 7.85B.
3. EPS estimates by a...