Sopa Images | Lightrocket | Getty Images
Netflix said on Tuesday it had reached 325 million global paid subscribers, a new milestone for the streaming giant that last reported membership numbers a year ago.
The company reported fourth-quarter earnings and revenue that narrowly beat Wall Street estimates.
Here’s how Netflix performed for the period ended Dec. 31, compared with estimates from analysts polled by LSEG:
- Earnings per share: 56 cents vs. 55 cents, estimated
- Revenue: $12.05 billion vs $11.97 billion, estimated
Netflix said revenue during the fourth quarter rose 18% year over year.
Net income for the period was $2.42 billion, or 56 cents per share, up from $1.87 billion, or 43 cents per share, during the same period a year earlier.
This story is developing. Please check back for updates.