If you spend your evenings glued to Netflix, you are increasingly not alone. More than 13 million people joined its ranks in the last quarter. Imagine their excitement when they discover Tiger King.

The lowdown

• 🛫 Boeing 757 loses its nose wheel while preparing for takeoff in Atlanta.

• 🐢 ASML posts a 30% surge in full-year revenue but signals a slowdown in 2024.

• 🇮🇱 Bill Ackman and wife Neri Oxman buy nearly 5% stake in Tel Aviv Stock Exchange.

Featured story

Netflix reports biggest subscriber surge since the pandemic

Netflix reported fourth-quarter revenue that beat estimates amid surging subscriber numbers, sending its stock more than 7% higher in after-hours trading. The streaming platform added more than 13 million new subscribers in its best quarter since the pandemic, blowing through its target of 9 million. It also posted revenues of $8.83 billion, 12.5% higher than the same period last year.

Ad-supported memberships are proving popular. They increased by nearly 70% on the previous quarter, and now account for 40% of all Netflix sign-ups. Earlier this month, Netflix said the ad tier had surpassed 23 million monthly active users.

Netflix said the competition remains fierce and it expects to spend $17 billion on content next year, but major M&A isn’t on the agenda.

“We’re not interested in acquiring linear assets,” the company said. “Nor do we believe that further M&A among traditional entertainment companies will materially change the competitive environment.”

The content we're consuming today

• 404 Media: The NSA's Furby docs just dropped

• FreightWaves: Why Walmart pays its truck drivers six figures

• Digg: The biggest and most surprising 2024 Oscar nomination snubs

Off-balance sheet items

• I want to meet the people bookmarking this tweet on how to get a girlfriend.

The bottom line