Netflix's ability to churn out hits gives it an edge over rivals

A Netflix logo is pictured in Los Angeles, California, U.S., September 15, 2022. REUTERS/Mario Anzuoni/File Photo

(Reuters) -Netflix Inc's steady stream of hit shows is helping it stand out in a crowded market while paving the way for double-digit revenue growth later this year, analysts said, after the firm topped estimates for subscriber additions.

Shares of the streaming pioneer 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 Walt Disney Co and Amazon.com Inc.