Netflix Q4 results: 31% YOY growth; 100 mn+ non-US subscribers added
The Q4 report is Netflix’s first disclosure of earnings after the launch of Disney+ and Apple TV
Content streaming giant Netflix has released its fourth-quarter results, claiming to have had a “strong finish” to 2019. The content streaming giant has beaten expectations with a profit of $587 million in Q4. The report also showed a 31 per cent year-on-year growth in revenue, bringing 2019’s full-year revenue to $20 billion. The operating costs have also risen by 62 per cent totalling up to $2.6 billion.
Apart from that, more than 100 million paid users outside the US have been added to their subscriber list. With 8.8 million more users, Netflix has hit 167 million subscribers in all. The company also expects to add 7 million subscribers in the first quarter.
The earnings per share (EPS) for Q4 grew to $1.30 from 0.30 last year. Out of $5.73 billion, Netflix predicts earning $1.66 per share in the first quarter of 2020.
The report mentions that in quarter 4, average streaming paid membership grew by 21 per cent over year, while ARPU increased by 9 per cent. The operating income in the quarter totalled up to $459 million. Netflix will be targeting a 16 per cent operating margin in 2020.
The Q4 report is Netflix’s first disclosure of earnings after the launch of Disney+ and Apple TV.For more updates, be socially connected with us on
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