Netflix shares surge as the streaming giant posts positive Q4 earnings

The result was driven by some of the company's strongest content slate, murder mystery Glass Onion, which was its fourth most popular movie.

Netflix expects increased engagement and monetisation after a short period of churn.

Shares of the streaming pioneer Netflix surged more than 8% on Friday, as its fourth-quarter earnings report showed the company was coping well with weakening consumer sentiment and competition from DisneyPlus and Amazon Prime.

At least 18 brokerages raised their price targets on the stock as they cheered Netflix's 7.6 million subscribers, additions that easily beat estimates of 4.6 million.