Wall Street is happy with Netflix this quarter: Earlier this month the company announced it was expanding to nearly every country in the globe, and today it is reporting that its global business is booming.
Netflix Tells Wall Street About Its Go-Go Global Growth (Video)
Reed Hastings posted Q4 numbers that beat Wall Street’s (very high) expectations. What does he do now?
Asa Mathat
Peter Kafka covered media and technology, and their intersection, at Vox. Many of his stories can be found in his Kafka on Media newsletter, and he also hosts the Recode Media podcast.
The company blew past its international subscriber goals for Q4, and said that global growth would let it add another six million subscribers in Q1 of this year.
Result: Netflix shares are up nearly 10 percent.
As per usual, CEO Reed Hastings and his top execs will be on an earnings call that begins at 5 pm ET (2 pm PT). And like last quarter, I’ll be asking them questions, along with Morgan Stanley’s Ben Swinburne. Thanks very much for the questions you submitted, by the way. They’ve been very helpful.
You can watch the call live here:
https://www.youtube.com/watch?v=BvIsZxcV7Y0
And here is RBC analyst Mark Mahaney’s cheat sheet, so you can see what Wall Street was expecting to see today:
This article originally appeared on Recode.net.
