Daily Mail Reports: Netflix appears to steadily be climbing its way out of financial ruin after canceling 'woke' programming and deciding to back controversial figures like Dave Chapelle.

The streaming service took a hit in the first half of 2022, losing about 1,170 million subscribers as rivals such as Paramount+ and Disney+ raked them in. 

The huge decline was seen by some as a direct consequence of the company's late response to demands from its viewers to tone down their woke agenda.

But Netflix started bouncing back after the cancelation of some of its progressive programming flops, including Meghan Markle's Pearl, Dr. Ibram X. Kendi's Antiracist Baby and He's Expecting, which depicts a man who becomes pregnant. 

Netflix added about 7.6 million subscribers in the fourth quarter of 2022, which was higher than forecasted, and is now at about 230.7 million paid subscribers. 



The share price went from 230.05 in October 2022 to 299.93 in March 2023.