Streaming giant Netflix Inc (NASDAQ:NFLX) reported fourt- quarter financial results after the market close Tuesday.
Here are the key highlights.
What Happened: Netflix reported fourth-quarter revenue of $8.83 billion, which was up 12.5% year-over-year. The total came in ahead of a Street consensus estimate of $8.72 billion, according to data from Benzinga Pro.
The company reported fourth-quarter earnings per share of $2.11, which missed a Street consensus estimate of $2.21.
Netflix ended the fourth quarter with 260.28 million global paid members, which was up 12.8% year-over-year. The company added 13.12 million net paid subscribers in the fourth quarter.
What's Next: The company said it will continue to invest and build out its ad-supported platform, which it said is not a "primary driver" of revenue growth ...