Huge and unexpected earnings were recorded by Netflix in the last quarter of 2018. Similar was the volume of new subscriptions that were beyond the company's estimates.
Its subscribers increased by 8,8 million in the fourth quarter, while analysts expected the number of new subscribers to exceed 7,5 million.
While Netfilx has announced that it will increase its subscription charges, it estimates that in the current quarter it will acquire an additional 8,9 million subscribers, a figure larger than the analysts' predictions that refer to 7,8 million new subscribers on average, according to with their estimates.
Regarding earnings, netflix for the fourth quarter reported net earnings of 134 million or 30 cents per share and sales of 4,19 billion dollars. Analysts said earnings per share would be set at 24 cents per share and sales to 4,21 billion dollars.
Netflix is now the world's largest streaming movie and video service
source: mononews