The Globe and Mail reports in its Wednesday, Jan. 24, edition that Netflix on Tuesday blew past Wall Street subscriber estimates in the fourth quarter. A Reuters dispatch to The Globe reports that Netflix added 13.1 million subscribers in the December quarter, its largest fourth quarter subscriber growth ever, handily exceeding projected gains of 8.97 million. That brings the total number of subscribers to 260 million. Netflix reported per-share earnings of $2.11, falling short of consensus estimates of $2.22 a share (all figures U.S.). Netflix said the per-share earnings were affected by a $239-million non-cash loss related to currency exchange rates. Revenue rose to $8.8-billion, topping forecasts and the company's own guidance of $8.7-billion in the quarter. Netflix said it expects healthy double-digit revenue growth for full-year 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. Antenna Research found that Netflix has the lowest monthly churn rate among streaming services, with just 2 per cent of subscribers cancelling in the month of December.