Streaming giant Netflix Inc (NASDAQ:NFLX) reported fourth-quarter financial results Tuesday after market close.
Here are the highlights.
Netflix Q4 Earnings Highlights
Netflix reported fourth-quarter revenue of $12.05 billion, up 17.6% from last year’s fourth quarter. The revenue total beat a Street consensus estimate of $11.97 billion, according to data from Benzinga Pro.
Netflix reported 56 cents in earnings per share for the fourth quarter, beating a Street consensus estimate of 55 cents per share.
The company said higher pricing, membership growth and increased advertising revenue led to the higher revenue for the quarter.
While Netflix no longer breaks out its subscriber figures quarterly, the company said it passed the 325 million paid subscriber milestone during the fourth quarter.
The company’s revenue by regional segment was as follows:
- UCAN: $5.34 billion, +18% year-over-year
- EMEA: $3.87 billion, +18% year-over-year
- LATAM: $1.42 billion, +15% year-over-year
- APAC: $1.42 billion, +17% year-over-year
Netflix had revenue of $45.2 billion for the full fiscal year, up …