Here’s how Netflix performed for its most recent quarter, ended Dec. 31, compared with Wall Street estimates:
Earnings per share: $4.27 vs. $4.20, according to LSEG
Revenue: $10.25 billion vs. $10.11 billion, according to LSEG
Paid memberships: 301.63 million vs. 290.9 million, according to StreetAccount
Netflix Stock Skyrockets on Strong Revenue Growth
The company surpassed 300 million paid memberships during the quarter, adding a record 19 million subscribers. Netflix said the growth was driven by its content slate, improved product and typical fourth-quarter seasonality.
The company also shared that including “extra member accounts,” its global audience is estimated to be exceed 700 million.
“We really have built the business on variety and quality across countries, across regions, across genres and really focused year-round on having a very strong slate of programming for our members,” Netflix co-CEO Ted Sarandos said during an investor call.
The company also shared that including “extra member accounts,” its global audience is estimated to be exceed 700 million.
“We really have built the business on variety and quality across countries, across regions, across genres and really focused year-round on having a very strong slate of programming for our members,” Netflix co-CEO Ted Sarandos said during an investor call.