Netflix share price climbs despite lower-than-expected domestic subscriber numbers. Netflix beats Disney, Sony, and every other studio to secure most number of Oscar nominations.
I Have A Stream...: Netflix reported its Q4 results on Tuesday where it beat on the top and bottom lines for the quarter but gave disappointing guidance for the first quarter.It beat revenue and international paid subscriber additions estimates but domestic paid subscriber additions fell short by 39,000.
The streaming giant reported $5.47bn in revenue (vs $5.45bn expected). It added 8.33m international paid subscribers (vs 7.17m expected) while in the US it saw its subscriber base rise by 550,000 (vs 589,000 expected).
Shares of Netflix climbed as much as 2.3% in after-hours trading. CNBC
Coming of Age: For the first time in the company's history, Netflix has scored more Oscar nominations than any other studio. Its nomination tally for the upcoming Academy Awards is 24, beating Disney's and Sony's 23 and 20.
Netflix has come a long way...in a remarkably short period of time. Its first piece of original content (House of Cards) was released only in 2013 and its first feature film (Beasts of No Nation) was released barely four years ago. Now, it's raking in more nominations than established behemoths like Disney. The Motley Fool
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