Reuters Netflix on Tuesday blew past Wall Street subscriber estimates in the fourth quarter, driven by a strong slate of shows that included the final season of the longrunning royal drama The Crown and David Fincher39;s original film, The Killer.

The company reported it added 13.1 million subscribers in the December quarter, its largestever fourthquarter subscriber growth, handily exceeding projected gains of 8.97 million. That brings the total number of subscribers to 260 million.

Netflix shares were up 8.3 in afterhours trading. The stock gained 65 during 2023.

It is becoming increasingly clear that Netflix has won the 39;streaming wars,39; wrote Bank of America media analyst Jessica Reif Ehrlich.

The company reported pershare earnings of 2.11, falling short of consensus estimates of 2.22 per share. Netflix said the pershare earnings were impacted by a 239 million noncash loss related to currency exchange rates.

Revenue rose to 8.8 billion, topping forecasts and the company39;s own guidance of 8.7 billion in the quarter.

The streaming giant said it expects healthy doubledigit revenue growth for fullyear 2024, as it continues to add members and invest in its advertising business. Netflix said advertising is not yet a primary driver of revenue growth, but it aims for that to change by 2025.

The company credited gains to the strength of its intellectual property, including Squid Game The Challenge, a reality show based on its mostwatched TV series, new original…