Netflix releases fourth-quarter 2019 results

Netflix Releases Fourth-Quarter 2019 Financial Results

LOS GATOS, Calif. — Netflix, Inc. (NASDAQ: NFLX) has released its fourth-quarter 2019 financial results by posting them to its website. Please visit the Netflix investor relations website to view the Q4’19 financial results and letter to shareholders.

A video interview with Netflix Chief Executive Officer Reed Hastings, Chief Financial Officer Spence Neumann, Chief Content Officer Ted Sarandos, Chief Product Officer Greg Peters and VP, IR & Corporate Development Spencer Wang will be available at 3:00 p.m. Pacific Time. The interview will be conducted by Michael Morris, Guggenheim Securities.

From the Shareholder Letter: “Global paid net additions totaled 8.8m in Q4, on par with the 8.8m in the prior year period and ahead of our forecast of 7.6m, fueled by our broad slate of original programming and the worldwide adoption of streaming video. We generated Q4-record paid net adds in each of the EMEA, LATAM and APAC regions, while UCAN paid net adds totaled 0.55m (with 0.42m in the US) vs. 1.75m in the year ago quarter. Our low membership growth in UCAN is probably due to our recent price changes and to US competitive launches.”