Netflix, Inc. (NASDAQ:NFLX) exceeded expectations in its fourth-quarter report released after the market closed on Tuesday, showcasing robust net paid subscriber additions and revenue. The company also raised its first-quarter operating margin guidance, leading to a significant surge in its after-hours trading shares. The impressive results garnered praise from financial analysts and industry observers alike.
Analysts’ Applause: CNBC Mad Money host Jim Cramer expressed his astonishment at Netflix’s quarterly report, labeling it a “shocker.” “This was one of the more gettable great calls,” he said.
Fund manager Ross Gerber, who oversees Gerber Kawasaki Wealth & Investment Management, echoed the positive sentiment, stating, “Netflix just killed their numbers!” He attributed the success to the introduction of the ad-supported tier and the crackdown on password sharing, noting the willingness of many to pay for subscriptions previously obtained without payment.
Gerber also commended Netflix’s move into ...