Netflix reported in-line results for Q4, and guidance looks pretty good. Shares are up ~11% after hours.
The movie rental service finished 2009 with 12.27 million subscribers, slightly above the Street’s 12.2 million consensus. It reported $444.5 million in sales, right around the Street’s consensus. But EPS was a home run: $0.56 per share, versus $0.45 consensus.
Meanwhile, guidance looks strong. Netflix expects to finish March with 13.65 (midpoint) subscribers, better than the Street’s 13.29 million consensus. And it expects to finish the year with 15.9 million (midpoint) subs, better than the Street’s 15.2 million. Revenue and EPS guidance strong, too.
Here’s Citi analyst Mark Mahaney’s cheat sheet:
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