Subscriber Surge Powers Netflix to Top Q4 Revenue

Netflix to Top Q4 Revenue

Due to a one-time charge, Netflix’s (NFLX) fourth-quarter revenue was slightly below expectations, despite the company reporting better-than-expected revenue overall. For the quarter, the company’s net income was $938 million, or $2.11 per diluted share of revenue. These amounts were just less than the $983.9 million, or $2.25 per diluted share, that Visible Alpha’s panel of experts had predicted. The foreign exchange assessment of the debt, which amounted to $239 million, caused the earnings per share (EPS) to fall short of the company’s own expectation of $2.15.

Q4 20238.83 Billion Dollars
Estimates for Q4 20238.7 Billion Dollars
Q4 20227.9 Billion Dollars
Q4 20232.21 Billion Dollars
Estimates for Q4 20232.25 Billion Dollars
Q4 20220.12 Billion Dollar
Q4 2023938 Million Dollars
Estimates for Q4 2023983.4 Million Dollars
Q4 202255.5 Million Dollars

Around 5:00 p.m. ET, the shares of Netflix were rising 8.4% at $533.66 in late-night hours trade. Netflix had 260.28 million paying subscribers worldwide at the end of the fourth quarter, a 12.8% increase over the same period the previous year.