Netflix earning report is out and here are all you need to know.

Netflix’s earning report numbers were impressive, the company added 7.66 million paid subscribers during the recent quarter business transaction. 

“We wouldn’t be getting into this business if it couldn’t be a meaningful portion of our business,” said Spencer Neumann, the company’s chief financial officer, during the call. “We’re over $30 billion in revenue, almost $32 billion in revenue, in 2022 and we wouldn’t get into a business like this if we didn’t believe it could be bigger than at least 10% of our revenue.”

NFLX’s stock price jumped from $315 per share to about $342.50 per share. Those who got in a day before the earnings report made some money but the stock is still far below its 52 weeks high of $458.58 per share.

• EPS: 12 cents vs 45 cents per share, according to Refinitiv.
• Revenue: $7.85 billion $7.85 billion, according to Refinitiv survey.
• Global paid net subscribers: 7.66 million adds, compared to 4.57 million subscribers expected, according to StreetAccount estimates.