Netflix, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2018; Provides Earnings Guidance for the First Quarter of 2019
January 18, 2019 at 02:38 am IST
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Netflix, Inc. announces unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2018. For the quarter, revenues were $4,186,841,000, operating income was $215,767,000 and net income was $133,934,000 against revenues of $3,285,755,000, operating income of $245,303,000 and net income of $185,517,000 for the same period a year ago. Basic earnings per share was $0.31 against $0.43 a year ago. Diluted earnings per share was $0.30 against $0.41 a year ago.
For the full year, revenues were $15,794,341,000, operating income was $1,605,226,000 and net income was $1,211,242,000 against revenues of $11,692,713,000, operating income of $838,679,000 and net income of $558,929,000 for the same period a year ago. Basic earnings per share was $2.78 against $1.29 a year ago. Diluted earnings per share was $2.68 against $1.25 a year ago.
The company provided earnings guidance for the first quarter of 2019. For the quarter, the company expects revenue of $4,494 million, operating income of $400 million, net income of $253 million and diluted EPS of $0.56.
Netflix, Inc. specializes in on-line broadcasting services for films and television series provided continuously by subscription. Members pay a monthly fee for access to unlimited on-demand content on their computers (PC and MAC), portable telephones, televisions, or other devices (Xbox 360, PS3, Wii, Blu-Ray, etc.) connected to the Internet. The group is also involved in DVD and Blu-ray leasing by mail. Net sales break down by type of revenue as follows:
- streaming subscriptions revenues (99.8%);
- DVD subscriptions revenues (0.2%).
At the end of 2023, Netflix, Inc. had over 260 million subscribers.
Net sales are distributed geographically as follows: the United States and Canada (44.1%), Europe/Middle East/Africa (31.3%), Latin America (13.3%) and Asia/Pacific (11.3%).
Netflix, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2018; Provides Earnings Guidance for the First Quarter of 2019