Netflix (NFLX) announced on Tuesday that its fourth-quarter subscriber additions exceeded expectations, causing its stock to soar by more than 7% in after-hours trading. The company added 13.12 million subscribers, surpassing its own forecast of 9 million, bringing the total net additions for 2023 to approximately 30 million. Additionally, Netflix reported a revenue of $8.83 billion, beating Wall Street estimates and marking a 12.5% increase from the same period last year. The company also provided guidance for first-quarter revenue of $9.24 billion, in line with consensus expectations. However, its earnings per share (EPS) slightly missed estimates, coming in at $2.11 compared to the consensus of $2.20.
Source: finance.yahoo.com
Date: 2024-01-23 16:05:04