Netflix shares drop despite better-than-expected Q4

Summary

Julia Boorstin reports Netflix's fourth-quarter results, which beat expectations on EPS and revenue. However, first-quarter EPS guidance was below analyst estimates and the revenue guide was roughly in line to slightly below, pushing shares down nearly 4%. The segment did not offer a clear speaker-owned trading recommendation.

• Netflix reported Q4 EPS of $0.56, a penny above expectations.
• Q4 revenue was $12.5 billion, ahead of estimates of $11.97 billion.
• Q1 EPS guidance was $0.76 versus analyst expectations of $0.81.
• Q1 revenue guidance was $12.16 billion, roughly in line to slightly below expectations.
• Netflix shares fell nearly 4% following the report.
• The company had stopped reporting quarterly subscriber numbers a year earlier.