Netflix Beats The Street In Q4 By Adding 4.3M New Streaming Subscribers Worldwide

Netflix released fourth quarter and full-year earnings numbers today, beating analyst expectations due to better-than-expected subscriber growth in the U.S. and abroad.

The company reported fourth quarter earnings of $1.35 per share on revenues of $1.48 billion during the final three months of the year. That compares to Wall Street’s earnings forecast of 45 cents a share on revenue of $1.48 billion. Revenues were up from $1.18 billion a year ago, while earnings were up from 79 cents per share.

For the full year, Netflix reported earnings of $4.32 per share on revenues of $5.5 billion. That compares to $1.85 per share in earnings and revenues of $4.4 billion in fiscal 2013.

As always, the big things analysts concerned themselves with was Netflix’s subscriber growth. In the fourth quarter, the company added 1.9 domestic subscribers, ending the year with 39.1 million in the U.S. That was up from 33.4 million a year before.

Internationally, Netflix added 2.4 million subscribers, up from 1.7 million a year ago. That growth was due in part to expansion into new international markets over the past year. Wall Street estimated that the company would add 1.83 million streaming subscribers in the U.S. and another 2.17 million overseas.

While Netflix watchers have been focused mostly on the domestic subscriber growth, that’s slowed in recent quarters and the company is likely to drive more growth through international markets.

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