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SÃO PAULO – Netflix outperformed its earnings guidance in the fourth quarter and saw its subscriber base grow faster than expected, but this was not enough to prevent a sharp drop the society. streaming in the US secondary market. At 7:30 pm, shares fell 3.58% to $ 340.75.
Earnings per share was $ 0.30, compared with a forecast of $ 0.24 in the market, down 66% from the third quarter of 2018 and 27% lower report in the third quarter.
Revenues reached $ 4.19 billion at the end of 2018, which is slightly lower than the expected $ 4.21 billion. The result, however, was consistent with the trend, but suggests higher costs for the company. The result represents an increase of 28% over one year.
Meanwhile, the number of US subscribers increased by 1.53 million, which is in line with the expected 1.50%. Already internationally, the company had added 7.31 million subscribers between October and December, against 6.1 million expected by the market.
The service has experienced considerable growth in emerging international markets such as India and Mexico. The company is also investing in content for families and children and recently launched the interactive story format with the movie Black Mirror.
Earlier this year, Netflix's roles were one of Wall's top performers. Street, up about 30% in 2019. In addition, last Tuesday, stocks climbed 7% after the company announced its largest price increase in US history.
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