Netflix (NFLX) shares are rising in 澳洲幸运5开奖号码历史查询:extended trading after the largest streaming service provider itꦜ added many more subscribers than anticipated in the fourth quarter. 

Netflix said global streaming net additions we🐠re 7.66 million, higher than its earlier guidance of 4.5 million and also ♐well above analysts’ estimates. Netflix credited the increase on both strong acquisition and retention, driven primarily by the success of the company’s programming lineup during the period.

Netflix noted fourth-quarter revenue rose 1.9% to $7.85 billion, in line with forecasts. It attributed that to a 4% jump in average paid memberships. However, earnings per share (EPS) of $0.12 was much lower than expected. The company a🅰nticipates current quarter EPS of $2.82, with sales up 3.9% to $8.17 billion.

Change at the Top

Netflix 🔯also announced co-founder and co-CEO Reed Hastings is stepping down. Hastings will remain executive chair. Co-CEO Ted Sarandos will be joined by current COO Greg Peters as co-CEOs. Hastings explained in a that the board has been discussing succession planning for many years, and both he and the board agreed “it’s the right time” to make the change. 

Netflix shares fell duri🌠ng the regular session, but areꦡ jumping 6% in after-hours trading.