Netflix’s stock has jumped more than 40% following its Q4 2012 earnings announcement. The company ended up beating its own guidance and surprised investors by reporting a profit in the fourth quarter. This resulted from higher-than-expected streaming subscriber additions and better controlled costs, which provided operating leverage. Netflix also saw lower DVD subscriber losses.
Netflix’s stock has jumped more than 40% following its Q4 2012 earnings announcement. The company ended up beating its own guidance and surprised investors by reporting a profit in the fourth quarter. This resulted from higher-than-expected streaming subscriber additions and better controlled costs, which provided operating leverage. Netflix also saw lower DVD subscriber losses.
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