SAN FRANCISCO: US streaming giant Netflix on Thursday said it ended last year with more than 230 million global subscribers, beating analysts’ expectations as hits such as “Wednesday” and “Harry & Meghan” enticed new viewers. He said he would hold the new job of executive chairman, noting this was a role that tech giant founders often take, using Amazon’s Jeff Bezos and Microsoft’s Bill Gates as examples. The changing of the guard was announced as Netflix posted added subscribers that blew past even the most optimistic expectations. The streaming giant said it enticed 7.7 million new members in three months, bringing Netflix membership around the world to 230 million people. “That means, most likely, lower average revenue per subscriber, which is a measure Wall Street will be paying more attention to as Netflix’s ad businesses scales up,” he said.
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