Netflix (NFLX) Misses Q4 EPS, Subs Beat; Hastings Gives Up CEO Title

(Updated - January 19, 2023 4:06 PM EST)

Netflix (NASDAQ: NFLX) reported Q4 EPS of $0.12, $0.47 worse than the analyst estimate of $0.59. Revenue for the quarter came in at $7.85 billion versus the consensus estimate of $7.84 billion.

Global streaming paid net additions grew 7.66 million, versus 4.5 million forecasted from the company.

The company sees Q1 revenue of $8.172 billion and EPS of $2.82, versus the consensus of $8.15 billion and $2.97.

The company also announced that Reed Hastings has become Executive Chairman, and Greg Peters has stepped up from COO to become Ted Sarandos’ co-CEO, and a member of the Netflix board.

For earnings history and earnings-related data on Netflix (NFLX) click here.

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