https://wccftech.com/netflix-fourth-quarter-earnings-a-solid-beat-on-almost-all-metrics-u-s-subscriber-numbers-disappoint/

Netflix (NASDAQ:NFLX) has reported solid growth numbers for the fourth quarter of 2019 as revenue grew by almost a third on an annual basis and international subscribers surpassed 100 million for the first time. Nonetheless, the company continues to face significant headwinds as several competitors debut their own content streaming services.

For the three months that ended on 31st December 2019, Netflix reported revenues of $5.47 billion which, in turn, marks an increase of 30.6 percent year over year and exceeds expectations of analysts by $20 million. Moreover, the company’s operating income increased by a whopping 112.5 percent on an annual basis, coming out at $459 million. Similarly, the operating margin increased by 320 basis points year-on-year to 8.4 percent.