Categories AlphaGraphs, Earnings, Leisure & Entertainment
NFLX Earnings: Netflix Q4 2022 profit drops amid weak revenue growth
Video streaming platform Netflix, Inc. (NASDAQ: NFLX) on Thursday said its fourth-quarter earnings declined, hurt by unimpressive revenue performance.
The Los Gatos-based company had a total of 230.75 million subscribers at the end of the quarter, which is up 4% year-over-year. The membership growth translated into a 2% growth in total revenues to $7.85 billion. The top line matched analysts’ forecasts.
Check this space to read management/analysts’ comments on Netflix’s Q4 2022 earnings
The company generated $55.28 million or $0.12 per share of net profit during the three-month period, compared to $607.4 million or $1.33 per share in the fourth quarter of 2021. The bottom line also missed experts’ projections.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%