Netflix Global Subscriber Additions Beat Estimates
Going into Netflix's (NASDAQ: NFLX) fourth-quarter update on Tuesday afternoon, questions loomed about how the company would hold up against new streaming services in the U.S., namely those from Walt Disney (NYSE: DIS) and Apple (NASDAQ: AAPL), both of which launched services during Q4. But Netflix kept growing its subscribers in its domestic market as total revenue jumped about 31% year over year. Furthermore, global subscriber additions during the quarter came in more than a million higher than management's guidance.
Here's a closer look at the quarter's results.
Image source: Getty Images.
Source Fool.com
