Netflix Releases Fourth-Quarter 2013 Financial Results

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netflixNetflix released fourth-quarter 2013 financial results. The company reported net income of $48 million for the quarter, up from $8 million a year ago. Earnings-per-share were 79 cents.

Reed Hastings (CEO, Netflix): It’s been a good year for Netflix. People around the world want what we offer: consumer-in-control Internet television.

Netflix added over 2.3 million customers in the fourth quarter in the U.S., as well as some 1.74 million new customers internationally. The company has around 6.9 million DVD members. Netflix says it expects to end Q1 with 48 million viewers.  

Netflix shares jumped over 17 percent in after-hours trading to $391.77. 

[Image courtesy: Netflix]