Wednesday, September 27, 2023
HomeearningsNetflix earnings beat estimates; stock soars 17%

Netflix earnings beat estimates; stock soars 17%

Netflix reported higher profit for the fourth quarter as the company added 2.3 million customers to its TV and movie streaming service in the United States, sending its shares up more than 17 percent in after-hours trading. (Click here to get the latest quote.)

The company on Wednesday reported net income of $48 million for the quarter, up from $8 million a year ago. Earnings-per-share were 79 cents, Netflix said in a statement.

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