NFLX - Netflix Stock Jumps 9% on Strong Q4 Subscriber Growth and Rosy Q1 Earnings Guidance
2024-01-23 22:15:00 ET
Netflix (NASDAQ: NFLX) stock gained 8.6% in Tuesday's after-hours trading session following the video streaming leader's release of its fourth-quarter 2023 report.
Investors' positive reactions are attributable to the quarter's revenue and net paid subscriber additions surpassing Wall Street's consensus estimates, along with bottom-line guidance for the first quarter of 2024, easily exceeding analyst expectations. Here is an overview of Netflix's fourth quarter, along with its outlook, centered on six key metric categories.
Netflix's quarterly revenue grew 12.5% year over year (and 13% in constant currency) to $8.83 billion. This result exceeded the $8.72 billion Wall Street consensus estimate, as well as the company's guidance.
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Netflix Stock Jumps 9% on Strong Q4 Subscriber Growth and Rosy Q1 Earnings Guidance