Thndr Claps » U.S. Claps » Tech 📲 » Netflix raking in new subscribers 📺
The ClapNetflix (NASDAQ:NFLX) added 7.66 million new subscribers, significantly more than analysts’ expectations of 4.57 million.
WhatDespite the significant increase in subscribers, Netflix recorded an EPS of 12 cents in Q4, less than the expected 45 cents.
In addition, co-CEO Reed Hastings is leaving his post and will become executive chairman, while COO Greg Peters was promoted to co-CEO.
So WhatThe biggest driver of Netflix’s lower-than-expected EPS was due to a large amount of euro-denominated debt, which increased proportionally to a weakening USD.
Now WhatNetflix’s new ad-supported tier has been included in its earnings, although it is unclear how many new subscribers the tier brought.
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