Netflix reported fourth-quarter earnings after the bell on Thursday. The streamer beat on both the top and bottom lines, but shares plunged more than 20% in after-hours trading, to the lowest levels since June 2020, on slowing subscriber growth.
Here are the key numbers:
- Earnings per share (EPS): $1.33 vs 82 cents expected in a Refinitiv survey of analysts.
- Revenue: $7.71 billion vs $7.71 billion expected, according to Refinitiv.
- Global paid net subscriber additions: 8.28 million vs 8.19 million expected, according to StreetAccount estimates
Netflix added 8.28 million global paid net subscribers in the fourth quarter. Analysts had expected the company to add 8.19 million, according to…