With Emmy, Golden Globe, and now Oscar nods under its belt, Netflix had plenty to glow about on its fourth quarter report, issued after the bell on Wednesday. The digital video streaming company posted a net income of $48 million, or 81 cents per share. Non-GAAP earnings were 79 cents per share on a revenue of $1.175 billion.
Netflix reported its earnings for Q4 2013, and stock is surging 17% in after-hours trading, beating analysts expectations. Analyst Q4 predictions for Netflix were $1.17 billion in revenue, $0.66 earnings per share, and 2 million new subscribers for the last half of 2013, but Netflix ended up defying most expectations. International growth had slowed during the last half of 2013 and was a big concern for analysts, but Netflix wrote in its letter to shareholders that it plans a significant expansion overseas this year.
