Netflix Inc (NASDAQ:NFLX) shares are trading higher Wednesday on the heels of the company’s fourth-quarter financial results. Here’s a look at what you need to know.
Q4 Earnings: Netflix said fourth-quarter revenue increased 12.5% year-over-year to $8.83 billion, which came in ahead of the consensus estimate of $8.72 billion, according to Benzinga Pro.
The streaming giant reported fourth-quarter earnings off $2.11 per share, which missed estimates of $2.21 per share.
Netflix said it had 13.12 million paid net adds in the fourth quarter, up from 7.7 million in the prior year’s quarter. The company ended the quarter with 260.28 million global subscribers, up 12.8% year-over-year.
“If we ...