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Netflix, Inc. (NASDAQ: NFLX) reported fourth quarter 2014 financial results Tuesday. Total revenue came in at at $1.483 billion, inline with estimates of $1.48 billion and above the $962 million reported in the prior year period.
Q4 EPS was $1.35 which benefited from a $0.63 tax accrual release related to a resolution of a tax audit. Adjusted for the benefit, EPS was $0.72. The average analyst estimate was $0.45.
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According to the company’s shareholder letter, Netflix added a record 13.0 million new members, compared to 11.1 million in 2013, bringing the global total to 57.4 million members.
In Q4, the company added 4.33 million members vs 4.07 million in the previous year period and expected to end Q1 2015 with 61.4 million global members.
“It is increasingly clear that virtually all entertainment video will be Internet video in the future. We believe there is big growth ahead in the US market for Netflix, even if we may not get there in a straight line of 6 million annual net adds. We’ll continue to improve our content, our marketing and our service, to eventually achieve “must have” status in most households,” according to CEO Reed Hastings and CFO David Wells.
Netflix traded at $390.86 in the after-hours session, up 12.1 percent.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.