Here are the details from Netflix's fourth-quarter earnings after the closing bell on Tuesday.

The main point for investors was that Netflix announced that it was "very close" to being free cash flow positive and is considering stock buybacks. This year it expects to break even on free cash flow. Furthermore, Netflix does not need to raise external financing for daily operations. The stock surged 12 percent after hours.

Here are main numbers:

  • Earnings per share (EPS): $1.19 vs $1.39 expected, according to Refinitiv survey of analysts
  • Revenue: $6.64 billion vs $6.626 billion expected, according to Refinitiv
  • Global paid net subscriber additions: 8.5 million vs 6.47 million expected, according to StreetAccount

Netflix also announced that its subscriber count passed 200 million.

“We put a premium on balance sheet flexibility, so we’re going to continue to invest aggressively into the growth opportunities that we see and that’s always going to come first,” Netflix CFO Spencer Neumann said. “But beyond that, if we have excess cash, we’ll return it to shareholders through a share buyback program.”

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