Netflix’s fourth-quarter numbers were not without fault, but largely delivered the goods for Wall Street analysts who have been eagerly anticipating a dose of good news for the streaming giant.
The company reported total revenue of $4.187 billion for the quarter, slightly below internal forecasts and consensus estimates of analysts. Total paid subscribers increased by 8.8 million to reach 139.26 million worldwide, ahead of guidance by more than 1 million. U.S. subscriber levels ticked up 1.5 million to 58.5 million, in line with forecasts.
Earnings per share of 30 cents blew past consensus views of 24 cents and internal forecasts for 23 cents.
Netflix’s stock price was up fractionally during today’s regular trading session but is losing steam after hours on the revenue miss. It has run up 34% in 2018 as investors have recognized its strong run of subscriber-luring shows, including the company’s top-performing film to date, Bird Box and original series like The Haunting of Hill House.
The company reported total revenue of $4.187 billion for the quarter, slightly below internal forecasts and consensus estimates of analysts. Total paid subscribers increased by 8.8 million to reach 139.26 million worldwide, ahead of guidance by more than 1 million. U.S. subscriber levels ticked up 1.5 million to 58.5 million, in line with forecasts.
Earnings per share of 30 cents blew past consensus views of 24 cents and internal forecasts for 23 cents.
Netflix’s stock price was up fractionally during today’s regular trading session but is losing steam after hours on the revenue miss. It has run up 34% in 2018 as investors have recognized its strong run of subscriber-luring shows, including the company’s top-performing film to date, Bird Box and original series like The Haunting of Hill House.
- 1/17/2019
- by Dade Hayes and Dawn C. Chmielewski
- Deadline Film + TV
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