Shares of Netflix surged over 14 Tuesday after reporting fourth-quarter earnings that surpassed analyst expectations. The streaming giant exceeded analyst expectations for earnings per share and revenue, reporting higher-than-forecasted results. Paid memberships reached a record, exceeding 300 million. Netflix highlighted its fourth-quarter success with popular releases like "Squid Game" season 2 and high-profile live events, including the Jake Paul-Mike Tyson fight and NFL Christmas Day games. Netflix will replace quarterly subscriber counts with bi-annual engagement reports starting this year.