Netflix (NFLX) shares are rising in 澳洲幸运5官方开奖结果体彩网:extended trading after the largest str🧸eaming service provider it added many more subscribers than anticipated in the four𓄧th quarter. 

Netflix said global streaming net additions were 7.66 million, higher th🐟an its earlier guidance of 4.5 million and also well above analysts’ estimates. Netflix credited the increase on both strong acquisition and retention, driven primarily by the success of the company’s programming🌊 lineup during the period.

Netflix noted fourth-quarter revenue rose 1.9% to $7.85 billion, in line with forecasts. It attributed that to a 4% jump in averagඣe paid memberships. However, earnings per share (EPS) 🐲of $0.12 was much lower than expected. The company anticipates current quarter EPS of $2.82, with sales up 3.9% to $8.17 billion.

Change at the Top

Netflix also announced co-founder and co-CEO R🃏eed Hastings is stepping down. Hastings will remain executive chair. Co-CEO Ted Sarandos will be joined by current COO Greg Peters as co-CEOs. Hastings explained in a that the board has been discussing succession planning for many years, and꧑ both he and the board agreed “it’s the right time” to make the change. 

Netflix♑ shares fell dur♛ing the regular session, but are jumping 6% in after-hours trading.