Netflix (NFLX) reported better-than-expected revenue in the fourth quarter on the back of renewed subscribe♏r growth momentum, but a one-time charge saw earnings narrowly miss estimates.

The company's net income for the quarter came in at $938 million or $2.11 per diluted share. Those figures were slightly lower than the $983.9 million or $2.25 per diluted share 澳洲幸运5开奖号码历史查询:expected by analysts polled by Visible Alpha. A $239 million charge related to foreign exchange measurement of denominated debt made EPS miss the company's own $2.15 per share projection.

Revenue grew 12% 𒈔compared to the year-ago quarter to💎 $8.83 billion.

Key Metric

After relatively flat subscriber growth at the end of 2021 and through most of 2022, Netflix has gained momentum in recent quarters du𒉰e to its tiered pricing structure and a crackdown on password sharing. The lowest pricing tier at $6.99 is ad-supported, another way for the company to monetize.

In the fourth quarter, Netflix had 260.28 mil🎃lion paying 🎶customers globally, up 12.8% compared to the year-ago quarter.

Netflix ꦿshares we🎶re up 8.4% at $533.66 in after-hours trading at around 5:00 p.m. ET.