In this piece, we will take a look at the 35 best new movies on Netflix. For more movies, head on over to 10 Best New Movies on Netflix.
One huge development of the technology revolution has been the rise of Netflix. The American streaming firm, which originally started in the late 90s as a DVD delivery company, is one of the biggest players in the media industry now. Netflix, Inc. (NASDAQ:NFLX) has almost thirteen thousand employees and a whopping 231 million paid members in almost two hundred countries, making it a beast in the media delivery industry.
Over the years, Netflix has transformed itself from a firm that primarily hosted content from other producers to making its own movies, television shows, and documentaries. These are often known for their unique approach to production, and significant viewership despite having low production budgets. In fact, Netflix’s first television series, House of Cards which was produced by an external studio for Netflix, has become one of the most famous television shows in human history. The television series, which ended in 2018, is one of the highest rated television shows on the popular online repository, the Internet Movie Database (IMDB) with a strong rating of 8.7. This score is determined after more than half a million IMDB users rated the television show, with the majority or close to 330,000 users giving the show a score of nine points or higher. House of Cards ranks at 110 in IMDB’s list of most popular television shows ranked by the number of ratings.
Taking a look at the market in which Netflix is playing in, it appears that the best might be ahead for the company. For instance, a research report from Precedence Research outlines that the global video streaming market was worth $375 billion in 2021. It adds that the industry will grow at a compounded annual growth rate (CAGR) of 18.5% between 2021 and 2030 to sit at an estimated, and whopping, $1.7 trillion by the end of the forecast period. The research firm believes that the growth in the sales of smartphones as well as the rise in Internet usage will provide users with easily accessible content available instantaneously and in the palm of their hand. Precedence Research also shares data from the Motion Picture Association to outline that online video on demand (VoD) users grew to 1.1 billion during the coronavirus pandemic and will almost double to 2 billion by the end of this year.
Zooming in on Netflix’s latest financial performance, the firm’s latest financial results for the fourth quarter and full fiscal year 2022 provided a mixed bag of results. Starting from its revenue and earnings per share, Netflix posted $7.85 billion in revenue and 12 cents in earnings per share. This saw the firm meet analyst estimates for revenue but it missed the 75 cents that analysts were expecting. However, at the same time, Netflix’s biggest victory came in the form of the number of subscribers that it added in Q4 2022, with the 7.66 million new additions vastly surpassing the analyst consensus estimates of 4.57 million. At the same time, its earnings per share miss were not due to any operational deficiencies in the firm’s operations but came due to losses on Euro denominated debt.
After its earnings report, Wall Street weighed in on the results, with the opinion being nothing else than optimistic. Analysts from Morgan Stanley, Piper Sandler, Jefferies, Evercore ISI, Wolfe Research, JPMorgan, Barclays, Baird, Benchmark, Credit Suisse, Cowen, Canaccord, and Guggenheim all raising Netflix’s share price target. Starting from them in respective orders, the share price targets were raised from $300 to $350, $270 to $325, $385 to $400, $340 to 400, $366 to $417, $330 to $390, $275 to $325, $235 to $250, $225 to $250, $271 to $291, $405 to $440, $365 to $400, and $305 to $375. Currently, the average consensus share price target for the firm is $357, for a small upside over the current share price. Additionally, the average share price rating for Netflix’s shares is Buy.
The latest bit of news surrounding the firm is its announcement that it will reduce prices by 50% in small markets that represent roughly 6% of its subscribers. This decision won approval from Citi, who in March 2023 increased Netflix’s share price target to $400 from $395, as the research firm believes that the decision has the potential to boost Netflix’s revenues by 1% since these are linked by efforts by the firm to cut down on account password sharing. JPMorgan built on the firm’s anti password sharing efforts in March 2023 as well, as it believes that there was a “considerable pushback” against these efforts in markets where it was implemented and these can potentially harm the firm’s efforts to add new subscribers to its platform. However, the investment bank also believes that despite the pushback, Netflix will continue on these efforts. At the same time, Netflix has also introduced a new ad supported tier, and this is performing well, with data from Bloomberg showing that after its first month of rollout, the platform grew by 500%.
Netflix’s founder and former chief executive officer Mr. Reed Hastings who stepped down in January commented on its growth over the past decades and shared:
Jessica, it feels like yesterday was our IPO. We were covered in red envelopes, we IPO-ed at about $1. Hopefully, some of you have held the stock, the full 21 years. And when I think of the evolution, the three of us and so many other incredible Netflix employees to go from DVD service to streaming leader in films and television and emerging player in games and now to have over 230 million members, it’s just €“ well, Jim Collins probably said it best. He calls it a good start. We’ve had a good start. But honestly, we dream of the whole world finding their favorite entertainment on Netflix and we shorthand that as entertaining the world. And the three of us have been working together for 15 years now trying to figure out how do we get through this issue, that issue, how do we grow.
With these details in mind, let’s take a look at some top movies on Netflix in 2023.
Photo by Alexander Shatov on Unsplash
Our Methodology
To start off our list, we first looked at all new Netflix movie releases this year. However, since these were fewer than 235, we also included all movies released in 2022. Then, they were ranked based on their IMDB score, and the top 35 are listed here. For more movies, you can check out 30 Highest Grossing Movies of all time Adjusted for Inflation.
35 Best New Movies on Netflix
35. Jung_E
Latest IMDB Score: 5.4
Jung_E is a South Korean film that takes place in an alternate reality where humanity is forced to clone the brain of a soldier to end a civil war.
34. The Marriage App
Latest IMDB Score: 5.4
The Marriage App is an Argentinian romantic comedy that was released in 2022 and focuses on a couple that use a software application to navigate their marriage.
33. Infiesto
Latest IMDB Score: 5.5
Infiesto is a Spanish crime thriller focusing on the reappearance of a missing woman that raises questions.
32. You People
Latest IMDB Score: 5.5
You People is an American comedy starring Jonah Hill and Eddie Murphy. It was released in 2023 and is rated R for mature audiences.
31. Delivery by Christmas
Latest IMDB Score: 5.5
Delivery by Christmas is a Polish romantic comedy that focuses on a courier and a customer rushing to make up for missed deliveries.
30. All the Places
Latest IMDB Score: 5.6
All the Places is a Spanish adventure comedy that was released this year and follows the journey of a cross country trip of two siblings.
29. Your Place or Mine
Latest IMDB Score: 5.6
Your Place or Mine is a star studded American romantic comedy featuring Reese Witherspoon and Ashton Kutcher as two long distance best friends. You really don’t need a synopsis to see where this is going.
28. A Night at the Kindergarten
Latest IMDB Score: 5.6
A Night at the Kindergarten is a Polish comedy that sees a man gatecrash a school event.
27. Love at First Kiss (Are You)
Latest IMDB Score: 5.7
Love at First Kiss is a Spanish American romantic comedy released in 2023. It follows the journey of a teenager who falls head over heels in love after kissing a girl for the first time.
26. White Noise
Latest IMDB Score: 5.7
White Noise is an American and British comedy and horror film that sees a college professor dealing with a chemical accident that forces a mass evacuation.
25. Dear David
Latest IMDB Score: 5.8
Dear David is an Indonesian romantic comedy and drama that sees a high school student face off her school when her diary is leaked to everyone.
24. The Price of Family
Latest IMDB Score: 5.8
The Price of Family is an Italian comedy focusing on the conflict between adult children who move away from their parents to start a new life.
23. Troll
Latest IMDB Score: 5.8
Troll is a Norwegian action film that sees a mythical beast surprise everyone by creating havoc
22. Burning Patience
Latest IMDB Score: 5.9
Burning Patience is a Chilean romantic drama following the journey of a fisherman wanting to become a poet.
21. Dog Gone
Latest IMDB Score: 6
Dog Gone is an American true story that covers the relationship between a father and son.
20. The Big Four
Latest IMDB Score: 6.1
The Big Four is an action comedy that sees an assassin turn into a good guy and take on a gang.
19. We Have A Ghost
Latest IMDB Score: 6.2
We Have A Ghost is an American family comedy about a family who find a ghost in their attic and help set it free.
18. Scrooge: A Christmas Carol
Latest IMDB Score: 6.2
Scrooge: A Christmas Carol is an animated adaptation of Charles Dickinson’s Christmas classic.
17. Furies
Latest IMDB Score: 6.4
Furies is a Vietnamese action movie focusing on a team of girls fighting a gang of abusers.
16. Luther: The Fallen Sun
Latest IMDB Score: 6.4imdb
Luther: The Fallen Sun is an American and British film that continues the story of the television series Luther.
15. 10 Days of a Good Man
Latest IMDB Score: 6.4
10 Days of a Good Man is a Turkish crime drama following the story of a lawyer and detective.
14. Unlocked
Latest IMDB Score: 6.4
Unlocked is a South Korean crime film seeing a stalker focus on a girl through her stolen phone.
13. The Magician’s Elephant
Latest IMDB Score: 6.5
The Magician’s Elephant is an American and Australian animated film that sees an elephant team up with an orphan.
12. Noise
Latest IMDB Score: 6.5
Noise is an Argentinian and Mexican drama about a mother’s journey looking for her daughter.
11. The Pale Blue Eye
Latest IMDB Score: 6.6
The Pale Blue Eye is an American star studded film featuring Christian Bale as a detective hunting the murderer of a West Point graduate.
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Disclosure: None. 35 Best New Movies on Netflix is originally published on Insider Monkey.