(CercleFinance.com) – Netflix unveiled yesterday evening an EPS of $2.11 for the 4th quarter of 2023, compared to $0.12 for the 4th quarter of 2022, with an operating margin increasing from 7% to 16.9% in the same time.
Operating income stood at $1.49 billion, almost tripled compared to the 4th quarter of 2022 ($550 million), while net profit reached $938 million (vs. $55 million a year earlier). ).
Still in annual comparison, the video streaming platform saw its revenues reach $8.83 billion in the 4th quarter, up 12.5%, driven by a 12.8% increase in the number of subscribers which reached 260 million.
For Q1 2024, Netflix anticipates EPS of $4.49, operating margin of 26.2%, revenue of approximately $9.24 billion and net income of $1.97 billion.
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