Netflix posts narrow earnings beat, reports 325 million global subscribers

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.

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