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Netflix (NFLX) Stock Climbs on Fourth Quarter Earnings Beat

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Netflix (NFLX - Free Report) just released its fourth quarter fiscal 2016 earnings results, posting earnings of $0.15 per share and revenue of $2.47 billion. 

NFLX was up 7% to $143.81 in after-hours trading shortly after its earnings report was released.

Currently, NFLX has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.

Netflix:                                               

Beat earnings estimates. The company posted earnings of $0.15 cents per share, beating our Zacks Consensus Estimate of $0.13 per share.

Matched revenue estimates. The company saw revenue figures of $2.47 billion, matching our estimate of $2.467 billion.

In Q4, Netflix’s streaming revenue experienced growth at a rate of 41% year-over-year, coming in at $2.4 billion. Additionally, operating profit beat guidance by $29 million, totaling $154 million at a 6.2% operating margin.

NFLX continues to aggressively grow its member count around the globe. International membership increased this past quarter by 5.12 million, compared to estimates of 3.75 million. Of total members, 47% are outside the United States.

“We are learning rapidly how best to match content with audience tastes around the world. It is clear to us that high quality content travels well across borders,” said the company in its letter to shareholders.

Here’s a graph that looks at Netflix’s price, consensus and EPS surprise:

Netflix Inc. Price, Consensus and EPS Surprise

Netflix Inc. Price, Consensus and EPS Surprise | Netflix Inc. Quote

Netflix is the world's leading Internet television network with millions of subscribers in nearly 50 countries who have access to an ever-expanding library of TV shows and movies, including original programming, documentaries and feature films. The company offers the ability to watch as subscribers want, anytime, anywhere, on nearly any Internet-connected screen.

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