Netflix shareholders have focused on its rapid subscriber and revenue growth, fueling its stock-market success. But the video-streaming service’s fourth-quarter performance shows how that is coming under threat, writes jennifersaba.
Netflix reported fourth-quarter earnings on Jan. 21. Total revenue rose 31% from the same period last year to $5.5 billion. Earnings for the quarter were $587 million, or $1.30 per share, compared with $134 million or 30 cents per share in the final three months of 2018.
Global subscribers at the end of the fourth quarter totaled 167 million with 8.7 million subscriber net additions. Analysts on average were expecting 7.6 million paid net additions, according to Refinitiv. Netflix had more 2020 Oscar nominations than any other movie studio with 24 nods, including for Martin Scorsese’s “The Irishman.”
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