CA - Why Netflix Is Poised For A Dominant 2024 (And Beyond)

2024-02-02 11:42:17 ET

Summary

• Netflix's fourth-quarter results exceeded expectations, with revenue growth in line with consensus and EPS beating estimates.
• The company added 8.76 million net subscribers, surpassing consensus estimates of 5.5 million.
• Operating margins continued to expand, contributing to the company's strong performance.

Netflix ( NFLX ) announced fourth-quarter results that exceeded expectations. Revenue grew 12.5% a YoY to $8.83 billion, beating expectations by $120.38 million, and EPS came in at $2.11, missing $0.11, as the streamer added 13.1 million subscribers, well above consensus estimates of 9 million New subscribers....

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