Today's Hard|Forum Post
Today's Hard|Forum Post

Wednesday January 22, 2014

Netflix Posts $48.4M Q4 Profit

Netflix announced today that it posted close to $50 million in profit and has crossed the forty four million subscribers mark.

It ended the quarter with more than 44 million subscribers, and expected that number to reach 48 million by the end of March. Shares in the company rose 17 percent to $390.46 after hours on Wednesday as its outlook for profit in the current quarter beat Wall Street views. The stock rocketed higher last year, tripling in value, but so far in 2014 it had dropped about 9 percent through the close.